Pharmaceutical supply group Uniphar reported a gross profit of 274 million euros for 2021, up 26 percent year-on-year, following “strong performance across all divisions,” according to annual results.
even at the company increased 6.5pc to 1.9 billion euros.
Meanwhile, earnings before interest, taxes, amortization and amortization (ebitda) increased 29.6pc to 86.5m euros, reflecting the full-year impact of 2020 acquisitions, coupled with an increase in increased investment in operating costs to support future growth, the company said.
Uniphar has three divisions, Commercial & Clinical, Product Access and Retail & Supply Chain.
The company reported “strong” organic gross profit growth across all divisions, with “outperform” in Supply Chain & Retail delivering 5.8 points growth, Commerce & Clinical yielded 7.9 points and Product Access yielded 19.9 points organic gross profit growth.
Uniphar’s gross margin increased to 14.1 points last year from 11.9 points, driven by the full-year impact of acquisitions completed in 2020 and its continued focus on “services.” have a higher rate of return”.
The 2020 acquisitions include Hickey’s Pharmacy Group, RRD International, Diligent Health Solutions and Innerstrength.
Last year, the company completed four acquisitions, and announced a fifth, the acquisition of Navi Group, subject to CCPC (Competition and Consumer Protection Commission) approval.
“The team has been strong throughout 2021, delivering EBITDA growth of 29.6pc, ROCE [return on capital investment] was 17.6pc and with all divisions posted gross profit growth on or before divisional guidance,” said Ger Rabbette, Uniphar CEO.
“We will continue to adopt a disciplined approach to capital deployment both organically and through M&A, where such an investment will accelerate our strategic plans,” he added. and deliver a used capital return within or above our target range of 12pc – 15pc over three years.”
The company had a net bank debt of €48.3 million as of December 31, 2021, up from €34.4 million at the end of 2020.
https://www.independent.ie/business/irish/profit-jumps-at-uniphar-following-strong-performance-across-all-divisions-41397104.html Profits soar at Uniphar, after ‘strong performance’ across all divisions