UDG Healthcare has €503m war chest to fund takeovers

ashfieldShares in UDG Healthcare jumped about 6pc at one stage yesterday after the company said that revenue had risen 5pc to €2.1bn in the financial year to the end of September, while adjusted operating profit rose 9pc to €102.6m. The group was spurred by its Ashfield and Sharp Packaging divisions.

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Operating profit in its Ashfield unit rose 32% on the year, thanks partly to its acquisition of KnowledgePoint360 and Galliard, making it the company’s biggest division.

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