Healthcare know-how firm Clanwilliam Group noticed working earnings rise in 2020, however income stay flat because the enterprise felt the impression of the pandemic. Clanwilliam additionally narrowed its pretax losses in the course of the yr as distinctive bills fell considerably.
The corporate’s annual report confirmed working revenue elevated to €14 million from €11 million in 2019 because the group focused on company structuring and integration work to consolidate the group. Income was flat in comparison with pre-pandemic turnover in 2019, with the group recording €80 million for the yr. The majority of this got here from its European enterprise.
Earnings earlier than curiosity, tax, depreciation and amortisation have been €27 million, up from €24 million in 2019, whereas losses earlier than tax have been €2.3 million, in contrast with nearly €3.9 million in 2019.
Money on the finish of final yr was €18.2 million, and Clanwilliam invested €1.05 million in analysis and growth, down from €1.29 million the earlier yr.
The Irish-headquartered firm gives know-how and providers to a worldwide buyer base. It began out growing and supplying practice-management software program to Irish GPs and consultants, and now gives a spread of digital well being know-how, together with software program to nursing properties to handle aged care and drugs, software program to handle theatres and outpatient departments, speech recognition for scientific correspondence, GP administration software program and digital clinics – know-how that has seen a rise in use in the course of the pandemic.
Nonetheless, different areas of the enterprise have been adversely affected by the Covid-19 restrictions, notably these concerned in outpatient and secondary care primarily within the UK due to lowered elective outpatient exercise.
Chief government Howard Beggs mentioned “the sensible results of nationwide lockdowns and the resultant industrial impression on Clanwilliam companies have been most acutely felt within the UK market…”
The corporate accomplished the acquisition of Cork-headquartered software program enterprise iMedDoc in February 2020, considered one of 5 acquisitions it has accomplished globally since 2018.
The group has clients in additional than 20 international locations, using greater than 1,100 folks throughout three continents. Wanting forward, the group mentioned it might consider additional development in its core markets of Ireland, Britain, Australia, and New Zealand, the place it additionally has key centres of excellence.