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26 Jan 2021 | 09:01

UDG Healthcare makes 'good start' to trading year

(Sharecast News) - Healthcare services provider UDG Healthcare said on Monday that it had made "a good start" to the trading year, with first-quarter constant currency adjusted operating profit ahead of the same period a year earlier. For the twelve months ending 30 September, UDG expects constant currency adjusted operating profits to be around 11-13% higher than the $165.3m reported in 2020, while constant currency adjusted diluted earnings per share was pegged to be between 9% and 11% ahead of the 47.7 cents seen in the prior year.

On a divisional basis, the FTSE 250-listed firm said Ashfield's adjusted operating profit was ahead of a strong comparative quarter last year, with investments in omnichannel capabilities and digital engagement prior to the Covid-19 pandemic resulting in continued improvements in performance.

Over to Sharp, UDG said the business continued to deliver "a strong performance", with adjusted operating profit well ahead of the same quarter last year, primarily driven by continued strong demand from biotech companies.

UDG will issue its interim results for the six months ending 31 March on 18 May.

As of 0900 GMT, UDG shares were up 4.16% at 813.0p.
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