UDG Healthcare increases its 2015 final dividend by 9% in $ terms

DividendMax Ltd.

UDG Healthcare increases its 2015 final dividend by 9% in $ terms

Adjusted operating profit growth of 17% to €120.3 million (5% on a constant currency basis), with profit before tax up 24% (9% on a constant currency basis).

Robust profit growth from continuing businesses, with a 43% increase in operating profits (24% on a constant currency basis).

Adjusted operating margin increased from 4.8% to 5.2%.

Adjusted diluted earnings per share (EPS) increased by 21% (9% on a constant currency basis).

Proposed 9% increase in final dividend to 8.1 cent per share, yielding a full year dividend of 11.0 cent per share (+9%).

Continued strong cash generation with cash flow from operations increasing by €73.7 million to €137.4 million and a reduction in net debt/EBITDA to 1.42 times.

Return on Capital Employed (ROCE) for 2015 was 12.6%, up from 11.8% in 2014. Excluding the discontinued businesses, ROCE for 2015 was 13.5%.

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