First quarter revenue rose 17 per cent compared to a year earlier, FTSE 250-listed Essentra reported on Tuesday.
The group, which is a supplier of speciality plastic, fibre, foam and packaging products, said its top line rose 17% at actual rates, 8% on a like-for-like basis, and 25% at constant currency, driven by its packaging and securing solutions.
Earnings were partly offset by its Porous Technologies, as had been expected, after it was hit by inventory destocking in Printer Systems with a major global original equipment manufacturer. Growth is expected to be weighted towards the second half of the year.
Growth in component & protection solutions was broad-based across the division, benefiting from an improving backdrop in Components Europe and new business wins in Pipe Protection Technologies, the company explained.
The acquisition of Contego Healthcare contributed to the performance of Packaging & Securing Solutions, where softness in tear tape to the European tobacco market offset a strong performance in Speciality Tapes.
Continued demand for innovative special filters combined with the roll-out of recent contract wins drove strong growth in Filter Products.
Chief Executive Colin Day said: "Essentra continued its positive organic growth trend in the first quarter, with revenue ahead 8% on a like-for-like basis and 25% at constant exchange. We also made good progress with the ongoing integration of recent transactions, and are pleased to have signed an agreement to acquire Kelvindale which further enhances the geographic presence of our Component & Protection Solutions division.
"Given this positive start to the year, combined with a strong pipeline of new business wins, Essentra is well-positioned for further balanced, profitable growth in 2014 and to deliver its Vision 2015 objectives of at least mid single-digit like-for-like revenue growth and double-digit adjusted earnings per share growth at constant exchange."
Abu Dhabi private hospital group NMC Health grew revenue as occupancy levels jumped in the first quarter, as the company captures upside from the mandatory health insurance law being implemented in nearby emirates.
Hospital occupancy levels increased to 71.3% in the quarter, helping lift group revenue 10.6% to $153.8m on the same period last year.
Dr Chief Executive BR Shetty said the performance was supported by a strong United Arab Emirates economy and the company's market positioning.
"In the Healthcare division, good growth in patients, occupancy and mix of specialist procedures delivered higher revenues. The Distribution division had a good first quarter, supported by enhanced sales and merchandising efforts combined with growing retail spending in the UAE."
Healthcare revenues were up 10.3% to $79.2m, with Distribution rising by a similar 10.1% to $85.1m, higher than the rate anticipated by broker Numis thanks in part to newly announced distribution agreements with leading brands, including Luna and Super-Max.
Shetty said management were focused on the opening of Dubai's first maternity hospital and another hospital in Dubai Investments Park in the first half. Both remained on track for their imminent opening.
Given these openings, Numis said it expected revenue growth to be back-end loaded in 2014, so remains comfortable with its 14% divisional growth forecast for the full year.
For the full year, the broker forecasts $607.7m group revenue, $98.5m EBITDA and 37.0p of earnings per share.
Group net debt reached $69.4m at the period end, which was in line with management expectations.