Advanced Medical Solutions optimistic as eyes sharp revenue surge
Advanced Medical Solutions Group PLC on Tuesday said it was ‘pressing ahead to deliver strong growth,’ as it expects to report a jump in interim revenue.
The Cheshire, England-based surgical dressings company anticipates reporting a 62% revenue jump to £110 million for the first half of 2025, from £68.0 million a year prior.
Adjusted earnings before interest, tax, depreciation and amortisation are anticipated to have climbed at least 32% to between £24.0 million and £24.5 million, from £18.2 million.
Advanced Medical said performance remained in line with expectations, adding it was confident in meeting full-year consensus forecasts.
Chief Executive Officer Chris Meredith said: ‘One year on from successfully completing the acquisition of Peters Surgical, it is a good moment to take stock of the excellent integration progress to date, both operationally and in terms of strategic alignment.
‘On the commercial front, we have been pleased to see early synergies already beginning to translate into top-line growth. We remain fully focused on delivering longer-term, significant synergies as integration continues.
‘In parallel, our newly restructured Woundcare business has entered a new phase and is now making a steady contribution to the group. Underpinned by our core surgical product portfolio, we are pressing ahead to deliver strong growth at the group level.’
Advanced Medical expects to publish interim results on September 17.
Advanced Medical shares rose 2.1% to 206.18 pence each on Tuesday morning in London.
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