Friday 21 October 2016

UDG Healthcare off to strong start, predicts EPS growth of between 6pc and 8pc

Published 02/02/2016 | 07:52

Brendan McAtamney, UDG CEO
Brendan McAtamney, UDG CEO

UDG Healthcare, a Dublin-based provider of healthcare services, has posted a strong start to its financial year ahead of the firm's annual general meeting (AGM) later today.

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In a statement released to shareholder this morning UDG said that trading in the the first three months of its financial year was 'well ahead' of the same period last year.

The firm also revealed that operating profits in its Ashfield Commercial and Medical Services arm was also ahead of the same period in the previous year.

Momentum in UDG's US Sharp packaging business continued to gain pace as the firm looks to re-align the business for future profitability.

Speaking about growth in the firm's earnings per share, UDG said: "Based on the underlying trading performance to date, we expect constant currency adjusted diluted earnings per share (EPS) for the continuing Group for the year to 30 September 2016 to be between 6pc and 8pc ahead of last year’s continuing Group EPS of 27.4c."

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