Spire earnings forecast up after healthy trading

first_imgSpire Healthcare Group yesterday upgraded its revenue expectations for the year after strong trading in the fourth quarter.It added that it expected earnings for the year to increase on the back of the contribution from the St Anthony’s Hospital acquisition.Spire said its trading in the fourth quarter was positive, meaning it now expected revenue for 2014 to be £850m-£855m, an increase on the £820m to £840m guidance it gave in its interim statement in November.The group expects its earnings before income, taxation, depreciation and amortisation (Ebitda) for the full year to be £157m to £160m. That compares with Ebitda of £150m for 2013.Spire said both its revenue and earnings would be boosted by the contribution from St Anthony’s Hospital in Sutton, south west London, which it purchased earlier this year.It said its revenue rose for its private medical insurer and self-pay businesses over the year, and revenue from the NHS continues to grow ahead of private revenue. Spire expects NHS revenue to account for around 29 per cent of the total for the full year, up from 25 per cent last year. “As Spire finishes its first financial year as a public company, I am pleased to note that during the period we have grown revenues and Ebitda from all our three major payor groups,” said Rob Roger, the chief executive of Spire Healthcare.“I shall comment more fully on the outlook for 2015 when we announce our preliminary results for financial year 2014. “However, in view of our recently renewed Bupa contract and our expectation of continued growth in our Self-Pay and NHS payors, I am confident that we can continue to grow all parts of our business in the next financial year and beyond,” Roger added.Shares in Spire closed down 0.84 per cent at 353.40p. Spire earnings forecast up after healthy trading whatsapp Share Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndocenter_img More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKansas coach fired for using N-word toward Black playerthegrio.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: Company Spire Healthcare Group whatsapp Tuesday 13 January 2015 8:57 pm Express KCS last_img

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