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United Drug reports good trading in first quarter
07.02.2012
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Financial Results
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United Drug,
United Drug reports good trading in first quarter
Pictured: Liam FitzGerald, CEO, United Drug
United Drug has reported good trading throughout the group for the first three months of its financial year, which began on 1 October 2011.
It much of this development has come in its international operations with the businesses outside of Ireland contributing almost 70pc of group profits in the quarter. In addition, the company said cash generation for the period was good and ahead of its forecasts.
Revenues and profits in the healthcare supply chain division are ahead of forecasts for the period and in line with the same period last year. The company said revenues and profits for the sales, marketing & medical division are ahead of the same period last year with all business units making a contribution. And it said its packaging and specialty division has made a very good start to the year with revenues and profits ahead of last year.
Based on the trading performance so far, the outlook for the remainder of the year and stability in current exchange rates, the group said it expects adjusted diluted earnings per share for the year to 30 September 2012 to be between 4pc and 8pc ahead of last year.
In a statement, the company said it “also expects to deliver another strong cash flow performance in the year. With relatively modest debt levels and strong cash flows the group is well positioned to support its future growth objectives both organically and through additional acquisitions.”
Categories:
Financial Results
Tags:
United Drug,