UDG’s Interims show good underlying growth, with CER EPS growth of 8% at the top end of the guided range for the Full Year. We do not expect any material changes to our PBT/EPS forecasts at this stage. The disposal of the Supply Chain business completed just after the year end, significantly strengthening the Balance Sheet and providing a substantial war chest for acquisitions. We continue to see UDG as a core holding and reiterate our Buy recommendation.
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Interims show continued underlying strength
- Published:
19 May 2016 -
Author:
Chris Glasper -
Pages:
3
UDG’s Interims show good underlying growth, with CER EPS growth of 8% at the top end of the guided range for the Full Year. We do not expect any material changes to our PBT/EPS forecasts at this stage. The disposal of the Supply Chain business completed just after the year end, significantly strengthening the Balance Sheet and providing a substantial war chest for acquisitions. We continue to see UDG as a core holding and reiterate our Buy recommendation.