Medical equipment firm Huntleigh Technology - parent of Black Country bed manufacturer Huntleigh Nesbit Evans - yesterday warned that UK trading conditions remained difficult.
The company said overseas business continued to be strong, particularly in the US market.
Chairman Julian Schild told Huntleigh's annual meeting: "Whilst the trading backdrop in the UK has remained challenging, it has not worsened.
"Our marketplace continued to consolidate with business concentrated further in fewer but larger tender awards.
"While Huntleigh continues to enjoy a very high success rate in such tenders, this phenomenon makes the timing of revenue recognition more difficult to predict.
"Internationally the business has continued to develop well, with several significant milestones recently achieved, principally in the United States, where revenue continues to grow encouragingly.
" In particular we are delighted to report that Huntleigh has been listed by Amerinet, one of the largest group purchasing organisations, for rentals of our pressure area care (PAC) and patient positioning and transportation products.
Shares closed 4.75 up at 362.75.