Annual profits and revenues rise at UDG Healthcare

21 November 2013 07:41

16 0

Annual profits and revenues rise at UDG Healthcare

The company also said that it has continued with its internationalisation, with the US now contributing 34% of its operating profits, up from 24% in 2012.

"2013 has been a year of substantial progress for the group. Group revenues for the year of €2.03 billion were 11% higher than in 2012. Operating profits have grown by 13%, and earnings per share have increased by 8% on a constant currency basis," commented the company's chief executive Liam FitzGerald.

Mr FitzGerald said that after the integration of the businesses acquired in 2012 and the recent rebranding, UDG Healthcare has further strengthened its position as a leader in the provision of "high quality outsourcing solutions" for healthcare companies across 22 countries.

"The group has considerable long-term financing facilities available and good internally generated cash flow to support our growth objectives. The group holds strong market positions in attractive markets and remains very positive about our future growth prospects," the CEO added.

Source: rte.ie

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