News

Uniphar Expects to Meet Earnings Targets

1 Mins read

By Elena Vardon

Uniphar, a leading healthcare-services provider, announced on Wednesday that it anticipates meeting its earnings targets for 2023. The company reported in-line gross profit growth in the first half, setting a solid foundation for future success.

Although specific figures were not provided, analysts estimate that Uniphar will report earnings before interest, taxes, depreciation, and amortization of €116.5 million ($128.8 million) for the year, based on forecasts compiled by FactSet.

It is worth noting that rising interest rates may pose a minor challenge to the company’s earnings-per-share expectations. Despite this potential headwind, Uniphar remains optimistic about its performance.

During the six months ended June 30, Uniphar achieved organic gross profit growth of over 5%, demonstrating the company’s ability to generate sustainable revenue. Furthermore, the company’s normalized free cashflow conversion aligns with its mid-term guidance.

Chief Executive Ger Rabbette expressed his satisfaction with the company’s progress, stating, “Having achieved our strategic objective of doubling Ebitda within 5 years of IPO, we will unveil new medium-term targets along with our interim results.”

Related posts
News

Argentine Leader Draws Fire After Cratering of Crypto Coin He Promoted

2 Mins read
Argentina’s libertarian president, Javier Milei, has caused a political firestorm by promoting an unknown cryptocurrency token that shot up in value after…
News

Visa issues for UAE fair resolved

2 Mins read
Visa issues hindering traders’ participation in the United Arab Emirates (UAE) exhibition have been resolved due to proactive measures by the Trade…
News

U.S. stocks jumpy sharply on positive PPI data

2 Mins read
NEW YORK, New York – U.S. stocks rebounded Thursday as Producer Prices data offset the stronger CPI fiugure of a day earlier,…

Leave a Reply

Your email address will not be published. Required fields are marked *