Revenue hits £159m at Leeds healthcare firm EMIS

Chris Spencer

Leeds-based healthcare software and information technology firm EMIS Group said its 2016 revenue rose 2% to £158.7 million and statutory operating profit rose 106% to £23.5 million “despite headwinds created by the NHS funding gap.”

Total dividend for the year will rise 10% to 23.4p.

EMIS Group shares were trading about 1% down at 874p, giving the firm a stock market value of roughly £550 million.

EMIS Group CEO Chris Spencer said: “Overall our businesses continue to deliver results in line with our expectations.

“This is despite headwinds created by the NHS funding gap which create a difficult operating environment for the group with delays to the pace and level of procurement activity …

“The NHS’s plans to bridge its funding gap continue to cause sluggishness in immediate discretionary procurements.

“However, that planning process highlights the group’s unique ability to help bridge the gap …”

Spencer added: “In light of the proactive operational steps we are taking, including structural reorganisation to improve efficiency and better align the group with its customer base, investment in a patient-centred digital platform, and continued strong revenue visibility alongside a solid order book and pipeline, we remain confident in overcoming short term headwinds and securing a positive outlook in 2017 and beyond.”