UDG Healthcare reports 'good' quarterly performance

Thursday 07 August 2014 09.35
UDG Health care reiterates its guidance for the full year
UDG Health care reiterates its guidance for the full year

International healthcare services company UDG Healthcare has said that its performance during the three months to the end of June was "good" and it reiterated its guidance for the full year.

In an interim management statement, the company said that group revenues and profits for the three months are ahead of the same time last year.

It also noted that its Ashfield commercial and medical services division has become the largest profit contributing division for the first time. UDG said that profit growth was especially strong within the healthcare communications business due to both organic growth and acquisitions.

The company said that despite challenging market conditions, trading in the three month period in its supply chain services division has been "solid" with profits flat on the same time last year despite the sale of the Specials business.

"Based on the underlying trading performance, we reiterate our previous guidance that we expect constant currency diluted earnings per share for the year to September 2014 to be between 5% and 9% of last year," the company stated.