Advanced Medical hit by euro weakness
Advanced Medical Solutions, the wound care specialist, has warned currency movements and the end of a rolling order are likely to hit full year revenues.
Advanced Medical Solutions, the wound care specialist, has warned currency movements and the end of a rolling order are likely to hit full year revenues.
AMS bought a German firm, RESORBA, in 2011, the effect being that more revenues are denominated in euros. The euro's current weakness means the company will see revenues decline when income is translated into sterling.
A "roll-stock" order for the group's foam product received in 2011 will not be repeated in 2012, further reducing turnover.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In a statement to the company's AGM on Tuesday, however, AMS's Chairman Dr Don Evans stressed the revenue decline will only have a "negligible" effect on profits.
The stock was down 3.3% at 10:38.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”