Leeds-based EMIS shows resilient H1 revenue at £78m

EMIS Group CEO Andy Thorburn

Shares of Leeds-based healthcare software and systems firm EMIS Group rose 8% on Wednesday after it announced results for the six months ended June 30 showing revenue slipped 2% to £78.1 million and that’s it remains on track to deliver full-year results in line with board expectations.

Pre-tax profit for the first half rose to £17.7 million from £12.1 million last year.

Interim dividend rose 3% to 16p.

EMIS said its business model was resilient with recurring revenue up 5% to £63.5 million, representing 81% of the group’s total revenue.

EMIS Group CEO Andy Thorburn said: “The group’s financial performance in the first half of the year was excellent considering the backdrop and level of uncertainty caused by COVID-19.

“Our robust business model was key to this, as was our commitment to doing the right thing by our customers at all times.

“Our cash position and strong balance sheet mean we are very well placed to continue our strategy and invest for growth.

“It was a privilege for us to support the NHS front line during the first wave of the pandemic.

“Our NHS colleagues are doing an outstanding job looking after the nation and we thank them for their service and commitment.

“I’d also like to thank the entire EMIS Group team who did everything we could have asked of them and more during a very busy lockdown period for the Group. 

“In parallel we continued to execute our strategic roadmap and are delighted to announce the launch of Explorer, the first product from our new EXA suite ahead of schedule, in quarter four of 2020.

“Explorer, as part of our EXA suite, is focussed on providing insights into healthcare at a scale and speed that will improve patient outcomes at both regional and national level. Initial customer feedback has been excellent. 

“We remain on track to deliver results in line with board expectations for the full year.”

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Mark McSherry
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