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Davy Research

Ergomed

Robust performance in 2022

Mar 21 2023, 08:00 GMT
Colin Grant
Hammad Anwar CFA
Company Report
5 page(s)

Sectors : Pharma and healthcare

Companies : Ergomed

Ratings and price correct at time of issue.

Ergomed

Closing Price: 1020p
RATING 22/09/22
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Grant

Analyst

Person's Name

Hammad Anwar CFA

Analyst

DAVY VIEW

Ergomed has released detailed FY 22 results following its trading update on January 31st, reflecting strong revenue growth and stable service fee gross profit margins. Expansion in the orderbook provides visibility for growth in the next year. The balance sheet is net cash, providing optionality on acquisition growth.

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Download full report with analyst certification and important disclosures

Mar 21 2023, 08:00 GMT