27 January 2021 | 13:48pm
StockMarketWire.com - Uniphar Group achieved expectation-beating growth in 2020 with organic gross profits increasing by over 6%.
The healthcare services group recorded high free cashflow conversion which resulted in lower than projected net debt.
The company's management is confident the business is well-positioned to grow in 2021 and is targeting low single digit growth in each of its divisions.
The full 2020 results for Uniphar will be published on 2nd March 2021.
Uniphar CEO Ger Rabbette said: 'We are confident and remain on track to achieve our strategic objective of doubling EBITDA within five years of IPO.'
Elsewhere, the Uniphar board is undergoing a double change.