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Abingdon Health CEO discusses strong interim results, robust pipeline and growth strategy

News Direct
·1 min read

London, UK --News Direct-- Abingdon Health PLC

Abingdon Health PLC (AIM:ABDX) CEO and co-founder Chris Yates discusses the company's interim results and business operations in an interview with Proactive's Stephen Gunnion.

Abingdon Health is a lateral flow, contract development, and manufacturing organisation (CDMO), supporting customers from product ideation to commercial success. It offers services including development, scale-up manufacturing, regulatory and analytical laboratory provision, and packaging.

Yates said a 117% revenue increase to £2.4 million during the interim period was primarily driven by its CDMO division. This growth was attributed to increases in development, operational revenues, and the emergence of regulatory area revenues.

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Despite an inflationary environment, Abingdon Health managed to maintain stable operating costs, resulting in improved gross margins to over 50%.

The company has a robust opportunity pipeline with 29 ongoing projects, emphasizing its fully integrated solution's appeal to customers. Yates also highlighted a good start to the second half of the year, with revenues expected to grow significantly while controlling costs to enhance operating profit performance.

Contact Details

Proactive UK

Proactive UK

+44 20 7989 0813

UKEditorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/abingdon-health-ceo-discusses-strong-interim-results-robust-pipeline-and-growth-strategy-623979132