4th Feb 2020 11:52
(Alliance News) - Uniphar PLC on Tuesday said it expects to deliver further growth in 2020 following "strong" performance in the recently-ended year.
The healthcare services provider said it has performed "well" in 2019, with an organic gross profit growth of 7% and earnings before interest, tax, depreciation and amortisation in line with forecasts.
In 2018, Uniphar reported gross profit of EUR159.6 million and Ebitda of EUR46.3 million.
The company said it has continued to deliver on its growth strategy of meeting the needs of speciality manufacturers through the provision of higher value services.
Looking forward into 2020, Uniphar said it is "well positioned" to deliver continued organic growth across all divisions, in line with its medium-term outlook, with the additional benefit of its recent bolt-on acquisitions.
"Our trading update reflects a strong performance for 2019 in line with group expectations and positions us to deliver our plan for 2020 consistent with our medium term outlook," said Chief Executive Ger Rabbette.
Rabbette added: "We are well positioned going into 2020 for the next stage of our planned development in delivering our five-year strategy of doubling Ebitda. Additionally, we look forward to declaring a dividend for our shareholders."
Uniphar shares were untraded in London on Tuesday, last closing at EUR1.27 each.
The company said it will report its 2019 results on March 27.
By Evelina Grecenko; [email protected]
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