Sign up Australia
Proactive Investors - Run By Investors For Investors

Integral Diagnostics' forecasts double-digit revenue growth

Acquisitions and organic growth are expected to provide sustained earnings momentum.
Picture of an MRI machine
Acquisitions will be considered where they provide entry into new geographic regions

Integral Diagnostics Ltd’s (ASX:IDX) fiscal 2018 profit forecast of $18 million implies year-on-year growth of 20%, a substantial increase on previous guidance which pointed to high single digit growth.

The provider of diagnostic health services generated higher than expected revenues in November and December.

Top line growth which will stem from the group’s first half performance, along with improved operational efficiencies, will contribute towards the group’s profitability in 2018.

Integral Diagnostics has also benefited from economies of scale with lower capital spending a result of the company’s improved equipment purchasing power.

Acquisitions, organic growth and cost efficiencies expected to provide sustained earnings momentum

The company currently provides diagnostic services to patients and their referrers at 47 radiology clinics, including 13 hospital sites.

Having increased its footprint through acquisitions and entry into new regions in Victoria, Queensland and Western Australia the company expects continued growth from its established clinics.

However, there is scope for increased capacity at the company’s current areas of representation.

Management will also consider further acquisitions where they provide entry into new geographic regions.

View full . profile View Profile

Proactive Investors Australia Timeline

Related Articles

Clint Eastwood
May 25 2018
The group’s first piece of original content, a documentary called Pandas, premiered on 24 March this year, to positive reviews.
Marketing and public relations
April 04 2018
"Our Beyond, MBooth and Publitek agencies have been stand-out performers, whilst we have achieved solid performances pretty much across the portfolio"
Throne of Glass
October 23 2018
Rowling, Rowling, Rowling ... keep those titles rolling. Mind you, it's not all about Ms Rowling; Sarah J Maas title revenues grew 47% in the first half of the financial year and dieters are gorging on Tom Kerridge's books

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use