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Spire Healthcare Group Pretax Profit Rises on Increasing Demand


Published: Feb. 29, 2024 at 3:59 a.m. ET

By Najat Kantouar

Spire Healthcare Group said pretax profit and revenue rose, driven by increasing demand for private healthcare.

Pretax profit jumped to 34.6 million pounds ($43.8 million) in 2023 from a year earlier, the U.K. private healthcare provider said Thursday.

Adjusted…

By Najat Kantouar

Spire Healthcare Group said pretax profit and revenue rose, driven by increasing demand for private healthcare.

Pretax profit jumped to 34.6 million pounds ($43.8 million) in 2023 from a year earlier, the U.K. private healthcare provider said Thursday.

Adjusted earnings before interest, taxes, depreciation and amortization–a metric that strips out exceptional and other one-off items–rose to GBP234.0 million from GBP203.5 million.

Revenue rose 13% to GBP1.36 billion. Within this, private revenue rose 9.5% to GBP959.7 million, the company said.

Looking ahead, the company said it is targeting another year of strong Ebitda growth, with adjusted Ebitda guided to be in the range GBP255 million to GBP275 million this year.

The board declared a final dividend of 2.1 pence a share, up from 0.5 pence in 2022.

“2024 will be a key year as we continue to transform the business. Through our program of investments in digital platforms, we will be driving further change and improvement,” Chief Executive Officer Justin Ash said.

Write to Najat Kantouar at najat.kantouar@wsj.com



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