19 February 2018 – distribution agreement
The company has announced that its subsidiary Elemental Healthcare has signed a three year distribution agreement with the Swiss company Bariatric Solutions GmbH to distribute the latter’s products to treat obesity in the UK. The UK market for obesity surgery is large and growing and Elemental is already the leading UK distributor for obesity surgery products. Although not terribly significant in itself the agreement is a sign that the group continues to progress well. The group is due to announce its results for the year ending on 31 December on Tuesday 13 March when further details of the progress being made by the group will be revealed. We continue to rate the shares as a BUY.