The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUniphar Share News (UPR)

Share Price Information for Uniphar (UPR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 224.00
Bid: 220.00
Ask: 228.00
Change: 0.00 (0.00%)
Spread: 8.00 (3.636%)
Open: 224.00
High: 224.00
Low: 224.00
Prev. Close: 224.00
UPR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Uniphar maintains expectations amid strong trading

Thu, 11th May 2023 12:19

(Sharecast News) - Uniphar reported strong performance over the last year in an update on Thursday, reporting further progress towards its financial and strategic objectives.

The AIM-traded firm, which was holding its annual general meeting, described a robust financial performance, in line with the board's expectations.

It achieved 5.7% organic gross profit growth, with organic growth observed across all divisions.

The supply chain and retail division performed well, surpassing expectations, as the group's EBITDA increased to €98m, reflecting a growth rate of 13.4%.

Uniphar ended its year with strong liquidity, maintaining a modest leverage ratio of 1.0x.

In addition to the positive financial performance, Uniphar said iti made significant strategic advancements in each of its divisions through the year.

The group enhanced its platforms through a combination of organic investments and mergers and acquisitions, positioning itself for resilient growth in 2023 and beyond.

In the product access division, Uniphar acquired BModesto Group and Orspec Pharma, which it said provided it with capability across continental Europe and the Asia-Pacific region.

The acquisitions, combined with ongoing investments, contributed to the expansion and strengthening of the product access platform, the board explained.

It said the commercial and clinical division also experienced progress, as Uniphar broadened its service offering through the acquisition of Inspired Health - a Boston-based market research consultancy firm.

Additionally, the firm made an organic investment in a skilled pan-European medical affairs team, advancing its European commercialisation platform.

The supply chain and retail division made notable progress with the acquisition of McCauley Pharmacy Group - a leading player in health, wellbeing, and beauty products in the Ireland market.

Uniphar said the strategic move bolstered its higher-margin retail offering.

The company also announced a multi-year investment in a new distribution facility, in a bid to future-proof the supply chain and retail business, and support overall group growth.

Looking ahead, Uniphar said it performed in line with its own expectations during the first four months of 2023.

The company was confident in its ability to achieve organic gross profit growth across all divisions, adding that it was poised to meet full-year expectations.

"Sustainability continues to form a key part of Uniphar's culture and business practices. Initiatives such as our hugely successful Unity for Hope charity event, and the launch of our two employee resource groups - the Rainbow Alliance and the Women's Alliance demonstrate our commitment to creating a sustainable workplace," said chairman Maurice Pratt.

"Our teams also made progress under our environmental pillar, improving our carbon footprint initiatives and focusing on ways to further decarbonise our business."

Pratt said the company completed its first Scope 3 assessment, highlighting the opportunity for a collaborative approach with its suppliers to reduce their collective environmental impact.

"Finally, our commitment to maintaining the highest standards of corporate governance across the group continued in 2022, where the board adopted the UK Corporate Governance Code, achieving another important milestone on our journey as a publicly quoted company."

Reporting by Josh White for Sharecast.com.

More News
21 Sep 2020 14:58

UK DIRECTOR DEALINGS SUMMARY: IG Exec Sells Spread Bet On IG Shares

UK DIRECTOR DEALINGS SUMMARY: IG Exec Sells Spread Bet On IG Shares

Read more
18 Sep 2020 14:51

UK EXECUTIVE CHANGE SUMMARY: New CEOs At SpaceandPeople And Quarto

UK EXECUTIVE CHANGE SUMMARY: New CEOs At SpaceandPeople And Quarto

Read more
2 Sep 2020 10:43

UK WINNERS & LOSERS SUMMARY: Computacenter Surges On Positive Outlook

UK WINNERS & LOSERS SUMMARY: Computacenter Surges On Positive Outlook

Read more
2 Sep 2020 09:59

Uniphar Unveils Acquisitions Amid Surge In Interim Earnings

Uniphar Unveils Acquisitions Amid Surge In Interim Earnings

Read more
2 Sep 2020 08:43

Uniphar ends first half in line with forecasts

(Sharecast News) - Healthcare services business Uniphar reported interim results in line with expectations on Wednesday, with revenue rising 8.8% year-on-year to €871.33m (£775.71m).

Read more
26 Aug 2020 15:57

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
28 Jul 2020 15:36

IN BRIEF: Uniphar Says Virus Brings Both Challenge And Opportunity

IN BRIEF: Uniphar Says Virus Brings Both Challenge And Opportunity

Read more
28 Jul 2020 09:41

Uniphar ends first half in line with expectations

(Sharecast News) - Healthcare services company Uniphar updated the market on its first half on Tuesday, saying it had performed in line with expectations for the six months through June at both a gross profit and EBITDA level.

Read more
30 Jun 2020 18:24

UK EXECUTIVE CHANGE SUMMARY: Stobart Adds Former Luton Airport Head

UK EXECUTIVE CHANGE SUMMARY: Stobart Adds Former Luton Airport Head

Read more
26 May 2020 14:14

UK TRADING UPDATE SUMMARY: Yourgene To Enter Covid-19 Testing Space

UK TRADING UPDATE SUMMARY: Yourgene To Enter Covid-19 Testing Space

Read more
19 May 2020 15:56

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
21 Apr 2020 16:08

UK EXECUTIVE CHANGE SUMMARY: Carnival Adds Walmart Veteran To Board

UK EXECUTIVE CHANGE SUMMARY: Carnival Adds Walmart Veteran To Board

Read more
27 Mar 2020 14:48

Uniphar Revenue Surges In 2019 But Covid-19 Could Hurt 2020 Earnings

Uniphar Revenue Surges In 2019 But Covid-19 Could Hurt 2020 Earnings

Read more
23 Mar 2020 15:03

Uniphar Sees Spike In Demand In Past 20 Days, Expects Continued Rise

Uniphar Sees Spike In Demand In Past 20 Days, Expects Continued Rise

Read more
4 Feb 2020 13:14

Uniphar ends 2019 in line with expectations

(Sharecast News) - Pharmaceutical and medical technology services company Uniphar updated the market on its trading in 2019 on Tuesday, reporting that it performed in line with its own expectations for the full year at both a gross profit and EBITDA level.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.