Investor Relations
AMS at a Glance
Advanced Medical Solutions Group plc is a leading developer and manufacturer of innovative and technologically advanced products for the global surgical and advanced woundcare markets.
Our primary focus is to create quality outcomes for our:
- Customers
- Patients
- Shareholders
Financial Calendar
Full Year Period End
31 December 2021Half Year Period End
30 June 2021Preliminary Results Announcement
17 March 2021Financial Reports
2020 Interim Report
September 20202019 Annual Report
May 2020Notice of AGM
May 20202019 Interim Report
September 20192018 Annual Report
April 20192018 Interim Report
September 20182017 Annual Report
April 20182017 Interim Report
September 20172016 Annual Report
April 20172016 Interim Report
September 20162015 Annual Report
April 20162015 Interim Report
October 20152014 Annual Report
April 20152014 Interim Report
September 20142013 Annual Report
April 2014News
Advanced Medical Solutions Group plc today announces that it has acquired Raleigh Adhesive Coatings Limited (“Raleigh”), an independent woundcare and bio-diagnostics... Read More
Advanced Medical Solutions Group plc today announces it has acquired French company Biomatlante SA (“Biomatlante”), a well-established international developer and manufacturer... Read More
Latest Highlights
The Group has faced an unprecedented first half of 2020 as a result of the severe impact on our core markets arising from the COVID-19 pandemic. As a business, we have responded well to the challenge, prioritising our employees’ safety and continuing critical supply to customers. Whilst the short-term impact has been stark, we are proud that the Group remains profitable and cash generative during this time whilst maintaining the dividend and a robust balance sheet.
Trading was in line with the trading update of 9 July 2020, with the majority of the business impacted by government-led restrictions to control COVID-19 and a slowdown in demand across all regions and product categories. All manufacturing sites have remained in operation throughout the COVID-19 pandemic, servicing customers and order demand, and having implemented strict controls to ensure employee safety at all times.
First half revenue was £39.3 million, down by 19% on a reported and constant currency basis. Despite the significant challenges, the Group reported an adjusted operating profit of £5.5 million and a 6% increase in net cash to £67.9 million. The US LiquiBand® recovery plan remains on track with sales initiatives recovering 2% share of end market volumes. LiquiBand® Rapid launched with a key partner as planned and regained product listings on the two previously lost Group Purchasing Organisation (GPO) contracts.
Investment has been maintained in R&D to progress key projects and we are well positioned for growth as our markets continue to recover. Whilst we expect COVID-19 to continue to impact sales and profitability in the short-term, the Board remains positive about our medium to long-term prospects.
Product approvals for new geographies have continued with our first approvals in India for both LiquiBand® and LiquiBandFix8®. Patents have been granted for LiquiBand® Exceed in the UK and US, providing protection and tax benefits until 2034.