Spire Healthcare Group plc (SPI.L) reported that its preliminary profit before taxation for the year ended 31 December 2024 rose to 38.3 million pounds from 34.6 million pounds in the previous year.
But profit attributable to owners of the parent for the year declined to 25.4 million pounds or 6.2 pence per share from 27.3 million or 6.6 pence per share in the prior year.
Adjusted earnings per share 8.6 pence compared to 7.7 pence in the prior year.
Group revenues increased to 1.511 billion pounds from last year's 1.359 billion pounds, driven by the demand for private healthcare and expansion into Primary Care.
The company said its board has recommended the payment of a final dividend of 2.3 pence per share for the year ended 31 December 2024. Subject to shareholder approval at the forthcoming Annual General Meeting on 14 May 2025, the dividend will be paid on 20 June 2025 to shareholders of the company at the close of business on 23 May 2025.
Spire Healthcares said it has traded in-line with its expectations since the year end.
The company said it is confident in delivering mid-single digit year-over-year percentage group revenue growth in fiscal year 2025. This will be driven by the combination of structural market expansion, good growth prospects in Hospitals and the growing demand for our Primary Care services.
The company noted that it is already achieving cost savings ahead of schedule and plan to accelerate this further. It anticipates new savings of at least 30 million pounds in fiscal year 2025, which is approximately 10 million pounds above its original plans. Concurrently, it raises its cumulative savings target for fiscal year 2024-2026 to 80 million pounds, up from the previous target of 60 million pounds.
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