Financial reports
PMG - Evidently Better Practice
Reports to date
Premier Medical performed in line with expectations in 2008. Sales at £40m were 12% up on last year whilst gross margin remained strong at £15m, 37.5%. Overall Earnings Before Interest & Tax were £5.8m with the lower margin percentage reflecting the additional value passed back to our customers in lower pricing. Profit growth has largely been driven by growth in instruction volume. The outlook for 2009 remains positive and ahead of our investment plan.
Premier Medical Group’s report and accounts held at companies house [link] can be downloaded below:
Premier Medical Holdings Ltd
Premier Medical Ltd
Oval (1673) Ltd
Kuro Healthcare Ltd
2009 showed strong growth with a 24% uplift in turnover over 2008 to £50.9m and a 24% uplift in gross margin to £18.5m. Earnings before interest, tax and amortisation improved 6% to £6.3m. The lower margin percentage continues to reflect the additional value passed back to our customers in lower pricing. Profit growth reflects increased instruction levels, supply chain improvements and economies of scale achieved during the year.
The outlook for 2010 remains strong with quarter 1 trading tracking ahead of plan and 2009.
PMG’s reports and accounts held at companies house can be downloaded below:
- Premier Medical Holdings Limited 2008
- Premier Medical Limited 2008
- Oval (1673) Limited 2008
- Kuro Healthcare Limited 2008
For full archive listings see Articles & reports.