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    EMIS   GB00B61D1Y04

EMIS GROUP PLC

(EMIS)
  Report
Delayed London Stock Exchange  -  11:35 2022-11-29 am EST
1872.00 GBX   +0.11%
08:59aMagnetar Capital Partners LP - Form 8.3 - EMIS Group plc
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07:20aSamson Rock Capital LLP - Form 8.3 - EMIS Group Plc
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11/28Magnetar Capital Partners LP - Form 8.3 - EMIS Group plc
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EMIS 1st Half Pretax Profit Slipped on Exceptional Costs; Revenue Rose

09/28/2022 | 01:45am EST

By Joe Hoppe


EMIS Group PLC said Wednesday that its first-half pretax profit slipped despite a rise in revenue, primarily on one-off costs related to its technology transformation program.

The U.K.-listed healthcare-software provider said pretax profit slipped to 15.4 million pounds ($16.5 million) from GBP16.3 million a year before. On an adjusted basis, operating profit rose 12% to GBP22.4 million.

Revenue rose to GBP87.3 million from GBP83.5 million, it said. The company said it has good future visibility and high levels of recurring revenue.

The board declared an interim dividend of 17.6 pence a share, unchanged from the year prior.

The company said its recommended acquisition by a UnitedHealth Group Inc. subsidiary, announced in June, is progressing well.

"Our focus remains on developing our technology strategy in alignment with healthcare policy and market trends, most notably in the areas of connected care and data and analytics. Our strategy will address the needs of the healthcare sector as it moves further into the digital future and we look forward with confidence," Chief Executive Andy Thorburn said.

Shares at 0712 GMT were up 2.0 pence, or 0.1% at 1,892.0 pence.


Write to Joe Hoppe at joseph.hoppe@wsj.com


(END) Dow Jones Newswires

09-28-22 0345ET

Stocks mentioned in the article
ChangeLast1st jan.
EMIS GROUP PLC 0.11% 1872 Delayed Quote.37.50%
UNITEDHEALTH GROUP INC. -0.80% 528 Delayed Quote.7.07%
All news about EMIS GROUP PLC
08:59aMagnetar Capital Partners LP - Form 8.3 - EMIS Group plc
PR
07:20aSamson Rock Capital LLP - Form 8.3 - EMIS Group Plc
PR
11/28Magnetar Capital Partners LP - Form 8.3 - EMIS Group plc
PR
11/28Samson Rock Capital LLP - Form 8.3 - EMIS Group Plc
PR
11/25Rule 8.3 - Emis Group Plc
AQ
11/24Form 8.3 - EMIS Group plc
AQ
11/24Magnetar Capital Partners LP - Form 8.3 - EMIS Group plc
PR
11/23Magnetar Capital Partners LP - Form 8.3 - EMIS Group plc
PR
11/23Samson Rock Capital LLP - Form 8.3 - EMIS Group Plc
PR
11/22Form 8.3 - Form 8.3 Octopus Investments - EMIS Group plc
AQ
More news
Financials
Sales 2022 177 M 212 M 212 M
Net income 2022 - - -
Net cash 2022 59,9 M 71,7 M 71,7 M
P/E ratio 2022 -
Yield 2022 2,02%
Capitalization 1 181 M 1 414 M 1 414 M
EV / Sales 2022 6,33x
EV / Sales 2023 5,93x
Nbr of Employees 1 429
Free-Float 95,6%
Chart EMIS GROUP PLC
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Technical analysis trends EMIS GROUP PLC
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Last Close Price 1 872,00 GBX
Average target price 1 747,50 GBX
Spread / Average Target -6,65%
EPS Revisions
Managers and Directors
Andrew John Thorburn Chief Executive Officer & Executive Director
Peter John Southby Chief Financial Officer & Executive Director
Patrick Jean-Marie de Smedt Chairman
Shaun OĺHanlon Chief Medical Officer
Richard Jarvis Chief Technology Officer
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