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Trading statements

AMS continues to make good progress

15 December 2016 08:19

Advanced Medical Solutions Group, the surgical and advanced wound care specialist company, says it continues to make good progress and the board expects profitability to be in line with current market forecasts.

Revenue is expected to be ahead of market forecasts, aided by the weakness in sterling against the US dollar and the euro.

The immediate benefit of the weakness of sterling to profit is delayed as the group's policy is to hedge significant transactional exposure by using forward contracts and options and aims to have at least 70% of its estimated transactional exposure for the next twelve months hedged. Chief executive Chris Meredith said: "The group continues to deliver strong organic growth from its existing product portfolio. This growth is further supported by our Research and Development activities that provide product innovation allowing us to maintain our leadership position in our chosen market segments. AMS is well positioned to continue on its growth trajectory."

At 8:19am: (LON:AMS) Advanced Medical Solutions Group PLC share price was +0.5p at 216p

Story provided by StockMarketWire.com

Related Company: AMS

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