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Ergomed - COVID-19 trial work underway

April 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ERGO
  • Price:
  • 395p
Ergomed's full year results showed sales of £68.3m in 2019 (+26% organically), driven by a strong performance from both the PrimeVigilance (+28% to £35.4m) and CRO (+26.6% to £32.9m) divisions. Adjusted EBITDA was £12.5m and year-end net cash was strong at £14.3m. The key new news with results was a new credit facility being put in place of up to £30m to provide flexibility for bolt-on M&A.The combined year-end order book was strong, up 14% to £124.1m which, together with the bolt-on of Ashfield PV, provides c.95% visibility over FY20 revenues. Ergomed said it has seen no material impact from the coronavirus outbreak and brokers suggest that PV demand (c.65% GP) will be u ...

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