REG - Uniphar PLC - Full Year Trading Update and Notice of Results

UnipharAnnouncement

28/01/2025 07:00

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RNS Number : 8594U  Uniphar PLC  28 January 2025

 

 

Uniphar plc

 

Full Year Trading Update and Notice of Results

 

Dublin, London | 28 January 2025: Uniphar plc (the "Group" or "Uniphar"), an
international diversified healthcare services business today announces the
following unaudited trading update for the year ended 31 December 2024.

 

The business performed in line with the Group's expectations for 2024 at an
EPS level, while delivering normalised free cashflow conversion above our
medium-term guidance. The Group achieved over 8% growth in organic gross
profit and 12% adjusted EPS growth.

 

The Group continues to maintain a strong liquidity position, with lower than
projected net debt/EBITDA of 1.5x at year-end.

 

Outlook

Uniphar is well positioned to deliver organic gross profit growth across all
divisions and, consistent with the Group's medium-term targets, is expecting
organic gross profit growth in 2025 as follows:

 

·      Uniphar Pharma: Double digit

·      Uniphar Medtech: High single digit

·      Uniphar Supply Chain & Retail: Low single digit

 

M&A continues to play an important role in Uniphar's growth strategy, and
the Group maintains a disciplined approach to capital allocation, while
managing an active pipeline of acquisition opportunities to further enhance
the Group's growth potential.

 

Ger Rabbette, Uniphar Group Chief Executive Officer said:

 

"2024 was a great year for Uniphar, with all our divisions contributing to
excellent organic growth. The results show the positive impact that our
strategy is having on our ability to grow at pace organically. We have now
delivered a 5-year EPS CAGR of over 15%.  Based on our 2024 results, we are
even more confident of reaching our €200m EBITDA target over the
medium-term, with at least 80% of our growth being organic"

 

Notice of Results

 

The Group expects to publish its final results for the year ended 31 December
2024 at 07:00 (GMT) on 25(th) February 2025.

 

A conference call for analysts and investors will be held at 09.00 (GMT) on
25(th) February 2025 to discuss the Group's final results. Analysts and
investors who wish to participate should visit www.uniphar.ie
(http://www.uniphar.ie)  to register.

The Company's final results press release and presentation will also be
available on the website at 07.00 (GMT) on 25(th) February 2025
at www.uniphar.ie (http://www.uniphar.ie) .

 

 

--- ENDS ---

 

 

Contact details

 Uniphar Group                                            Tel: +353 (0) 1 428 7777

 Allan Smylie, Head of Strategy and IR

 Davy (Joint Corporate Broker, Nominated Advisor and      Tel: +353 (0) 1 679 6363

 Euronext Growth Listing Sponsor)

 Daragh O'Reilly

 Niall Gilchrist

 Ivan Murphy

 RBC Capital Markets (Joint Corporate Broker)             Tel: +44 (0) 20 7653 4000

 Jamil Miah

 Rupert Walford

 Stifel Nicolaus Europe Limited (Joint Corporate Broker)  Tel: +44 (0) 20 7710 7600

 Matt Blawat

 Ben Maddison

 Francis North

 Q4 PR                                                    Tel: +353 (0) 1 475 1444

 Iarla Mongey, Public Relations Advisor to Uniphar Group

 

 

About Uniphar plc

Headquartered in Dublin, Ireland, the Uniphar Group is an international
diversified healthcare services business servicing the requirements of more
than 200 multinational pharmaceutical and medical technology manufacturers
across three divisions - Uniphar Pharma, Uniphar Medtech and Uniphar Supply
Chain & Retail. The Group is active in Europe, North America, APAC and
MENA and delivers to 160+ countries.

 

The Company's vision is to improve patient access to pharmaco-medical products
and treatments by enhancing connectivity between manufacturers and healthcare
stakeholders. Uniphar represents a strong combination of scale, growth, and
profitability.

 

Uniphar Supply Chain & Retail

Uniphar Supply Chain & Retail is the leading pharmaceutical wholesaler in
Ireland with a growing symbol group offering of retail pharmacies. The Group's
strategy for Uniphar Supply Chain & Retail is to grow our wholesale market
share, our symbol group network and our own brand, in-licenced and consumer
products portfolio.

 

Uniphar Medtech

Uniphar Medtech is a leading Pan-European medical device distributor and
solutions partner. The Group's strategy for Uniphar Medtech is to grow our
service offering across Europe and expand our addressable market by serving
new specialities and new manufacturers.

 

Uniphar Pharma

Uniphar Pharma operates a global business with high value services across the
lifecycle of a pharmaceutical product. We enable pharma and biotech companies
to bring innovative medicines to global markets and provide healthcare
professionals with access to medicines they can't source through traditional
channels. Our strategy is to build a leading platform to provide the
specialist support and expertise needed to improve access to these medicines.

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