bullish
Pro Medicus Ltd (PME AU): Expanding Footprint in North America Is Making The Image Crystal Clear
287 Views10 Mar 2024 22:43
SUMMARY
- Pro Medicus Ltd (PME AU) reported record high revenue and net profit in H1FY24. The result was largely driven by a 37% YoY increase in revenue from North America.
- In H1FY24, PME won four key contracts. These contracts have a total contract value of A$200M (at committed minimum exam volumes) with contract terms ranging from 7 to 10 years.
- PME believes H2FY24 will be stronger than H1FY24. Assuming key contracts up for renewal are renewed at same rate, PME sees forward revenue of >A$608M over the next five years.
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Tina Banerjee
Global Healthcare Analyst
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