Uniphar PLC on Tuesday said it is well positioned for 2024, after reporting a jump in annual revenue.
The Dublin-based healthcare services company reported that revenue in 2023 jumped 23% annually to €2.55 billion to €2.07 billion.
Pretax profit fell to €52.9 million from €54.7 million.
Finance costs increased to 15.4 million, compared to finance income of €1.4 million a year ago
Uniphar explained that finance costs rose ‘due to increased levels of borrowing together with the impact of significantly higher interest rates.’
On the back of the results, Uniphar pair out a final dividend of €0.0119, bringing the total dividend to €0.0183, an increase of 5.2% annually.
Looking ahead, Uniphar said it is well positioned to deliver organic gross profit growth across all divisions and to deliver on expectations for the full year.
Chief Executive Ger Rabbette said: ‘Following early delivery on our IPO targets, we have created a new divisional structure to capitalise on our attractive growth opportunities and are now focused on reaching our ambitious new target of €200 million Ebitda over the medium-term.’
Shares in Uniphar were up 0.4% at 246.00 pence each in London on Tuesday morning.
By Sophie Rose, Alliance News senior reporter
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