Avia Health Informatics PLC Trading Statement (3366W)
24 Januar 2013 - 5:45PM
UK Regulatory
TIDMAVIA
RNS Number : 3366W
Avia Health Informatics PLC
24 January 2013
Avia Health Informatics Plc
("Avia" or "the Company")
Trading update
On 27 November 2012, the Company announced that "the challenging
market conditions in our core UK markets may continue to restrain
growth in the near term. Delays in the government health policy on
CCGs have impacted the expected growth in sales of the PathFinderRF
product..."
Avia announces that, notwithstanding strong demand from
customers for its PathFinderRF software, due to further delays
caused by continued uncertainty in the process for Clinical
Commissioning Groups (CCGs) gaining NHS authorisation and budgetary
control from Primary Care Trusts, it experienced a significant
shortfall in anticipated revenues in December 2012. This led to a
consequent reduction in anticipated cash inflows. In response to
that, the Company has been in contact with its principal creditor
which has adopted a flexible and supportive approach and agreed to
a deferral of amounts owed. The Directors believe that this
agreement, together with the implementation of other cost reduction
and deferral measures, will enable the Company to successfully
weather the current difficult market conditions.
Whilst the Directors anticipate that the trading environment
will remain challenging up until the anticipated completion of the
CCG transition process on 1(st) April 2013, they are pleased to
report that trading in January has been ahead of expectations and
that the order book and order pipeline are encouraging and
anticipate that the Company will be able to make positive
announcements regarding further contract wins in the coming
weeks.
24 January 2013
Enquiries:
+44 (0) 1494 618
Avia Health Informatics Plc 503
Roger Lane-Smith, Non-Executive Chairman
Jeremy Dale, Chief Executive
Allenby Capital (Nominated Adviser and
Broker) +44 (0) 20 3328 5656
Nick Naylor
Mark Connelly
This information is provided by RNS
The company news service from the London Stock Exchange
END
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