ReutersReuters

UK's Inspiration Healthcare hits record low on pending orders, weak sales

** Shares of medical technology provider Inspiration Healthcare Group IIHC down 40.3% to an all-time low of 18.5p

** Co discloses that January's material export order due still remain outstanding

** IHC expects to receive the order in current financial year but cannot confirm a date

** Co is looking for alternate financing options in the case of order remaining unfulfilled

** Sees sales to be weighted for H2 as Q1 saw tough trading conditions

** Excluding material export order, IHC sees underlying growth to be in mid-single digits for FY, with some pressure on margins

** IHC shares down ~54% so far in 2024

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