Tuesday November 24, 2020

UDG posts operating profits of $158m as acquisition spree continues

Dublin-based healthcare group buys US agency Canale Communications for up to $31m

26th November, 2019
Brendan McAtamney, UDG’s chief executive, said 2019 had been a year of “strong strategic progress”

UDG Healthcare recorded operating profits of more than $158 million last year on the back of strong earnings growth.

The Dublin-based healthcare services group reported full-year earnings per share growth of 7 per cent to 48.4c on a constant currency basis. The performance was at the upper end of the analysts' expectations.

Net debt at the end of September stood at $80.5 million compared with $60.8 million at the same point in 2018.

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