Surgical Innovations Group (SUN)

Sector:

Health Care

Index:

FTSE AIM All-Share

0.53p
   
  • Change Today:
    -0.024p
  • 52 Week High: 2.25
  • 52 Week Low: 0.44
  • Currency: UK Pounds
  • Shares Issued: 932.82m
  • Volume: 1,418,450
  • Market Cap: £4.91m
  • RiskGrade: 341

Surgical Innovations warns on profits as Brexit uncertainty takes its toll

By Iain Gilbert

Date: Friday 07 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Surgical solutions group Surgical Innovations warned on profits on Friday as it said the lack of momentum seen in the first quarter has continued into the second.
The company said orders from its UK and EU operations had been lower than expected, with ongoing Brexit uncertainty disrupting order patterns from its distributors and end users, making it more complicated to forecast its outlook for the remainder of the year.

In the UK, the AIM-listed firm saw overall volumes of activity become "a continuing concern" after demand was hindered as a result of lower levels of activity in the NHS.

On the other hand, revenues from its export markets outside the EU remain unaffected, principally in the States where it reported strong growth throughout the quarter.

The group also noted that regulatory approvals had become "increasingly challenging", placing an increased burden on its operational and technical resources.

As a result, Surgical Innovations cautioned that revenue growth in its second half was "unlikely" to fully counter the weakness seen in the first, with adjusted pre-tax profits now expected to be lower year-on-year.

At 0930 BST, Surgical Innovations shares were down 33.06% to 2.74p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SUN Market Data

Currency UK Pounds
Share Price 0.53p
Change Today -0.024p
% Change -4.31 %
52 Week High 2.25
52 Week Low 0.44
Volume 1,418,450
Shares Issued 932.82m
Market Cap £4.91m
RiskGrade 341

SUN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.88% above the market average60.88% above the market average60.88% above the market average60.88% above the market average60.88% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
88.57% below the market average88.57% below the market average88.57% below the market average88.57% below the market average88.57% below the market average
62.16% below the sector average62.16% below the sector average62.16% below the sector average62.16% below the sector average62.16% below the sector average
Income Not Available
Growth
12.91% above the market average12.91% above the market average12.91% above the market average12.91% above the market average12.91% above the market average
5.56% below the sector average5.56% below the sector average5.56% below the sector average5.56% below the sector average5.56% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
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SUN Dividends

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Trades for 28-Mar-2024

Time Volume / Share Price
13:11 2,000 @ 0.44p
12:14 49,500 @ 0.44p
10:28 1,000 @ 0.44p
10:10 10,214 @ 0.49p
10:05 32,000 @ 0.49p

SUN Key Personnel

CFO Charmaine Day
CEO David Marsh
Chair Jonathan Glenn

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