Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

UDG Healthcare Expects Profit Rise On "Good Start" To Financial Year

Tue, 26th Jan 2021 09:09

(Alliance News) - UDG Healthcare PLC on Monday said it expects to post a significant rise in earnings for its current financial year as its divisions delivered a first quarter performance ahead of the prior year.

The FTSE 250 healthcare services provider - which has its general meting scheduled for Tuesday - stated it expects adjusted operating profit for the first quarter to December 31, 2020 to be ahead year-on-year.

As a result, it anticipates that for its financial year ending September 30, constant currency adjusted operating profit will be between 11% to 13% ahead of the USD165.3 million reported in financial 2020. Constant currency adjusted diluted earnings per share is also expected to be between 9% to 11% ahead of the USD47.7 cents recorded the year prior.

UDG said the strong performance was aided by the Ashfield division as well as the Sharp division. In particular, Sharp saw strong demand from biotechnology companies for specialty packaging services across both its Commercial and Clinical businesses.

Ashfield is a healthcare services business that helps clients bring healthcare products to market. Sharp provides contract commercial packaging and manufacturing services for pharmaceutical and biotechnology firms.

Results for the six months to March 31 will be published on May 18.

Shares in UDG Healthcare were trading 3.4% higher at 807.00 pence each on Tuesday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News
16 Aug 2021 18:12

IN BRIEF: UDG Healthcare acquisition by CD&R completes

IN BRIEF: UDG Healthcare acquisition by CD&R completes

12 Aug 2021 19:25

TRADING UPDATES: Corcel buys Wo Wo Gap project; Amiad, UDG leave LSE

TRADING UPDATES: Corcel buys Wo Wo Gap project; Amiad, UDG leave LSE

9 Aug 2021 09:32

UDG Healthcare takeover okayed by court but puts short stay on scheme

UDG Healthcare takeover okayed by court but puts short stay on scheme

29 Jul 2021 16:28

Thursday broker round-up

(Sharecast News) - Wizz Air: HSBC downgrades to 'reduce' and lowers target price from 4,500.0p to 4,100.0p; JP Morgan keeps at 'overweight' and marks ...

29 Jul 2021 10:36

BROKER RATINGS: Citi resumes Melrose at Buy; Peel cuts Pets At Home

BROKER RATINGS: Citi resumes Melrose at Buy; Peel cuts Pets At Home

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.