UDG Healthcare has reinstated its financial guidance for 2020, with the group forecasting a 7.1-11.2% fall in earnings year-on-year.

The company said it expects adjusted diluted earnings per share to be between 43c and 45c (USD) in the year to 30 September, compared to 48.44c in 2019.

It said this guidance assumed "no material increase in current Covid-19 related restrictions".

UDG provides a range of healthcare services including advice, communications and packaging.

It said that while some of its operations have been impacted by the pandemic, its strong market position made it "well positioned for the future".

Today the company also announced the appointment of a new chair and chief operating officer.

Shane Cooke is to is to replace Peter Gray as chair on 1 October.

Meanwhile Ryan Quigley will become COO next month, joining the company from pharmaceutical firm AbbVie.