We are delivering our strategy through our three strategic priorities and measuring our performance with relevant key performance indicators (KPIs).
The key performance indicators (KPIs) we measure our performance against are:
$2203m
Core revenueWhy is it a KPI?
This measures our ability to extract value from our product portfolio across our global markets
2019 Performance:
Group core revenue increased by
6% reflecting good demand for our
in-market products and new product
launches
$508m
Core operating profitWhy is it a KPI?
This measures our ability to grow
revenue and maintain quality while
delivering efficiencies and ensuring
cost control
2019 performance:
The increase in core operating profit
was driven by good revenue growth
across all three business segments
and a reduction in costs, particularly
in our Generics business
17.3%
Return on invested capitalWhy is it a KPI?
This measures our efficiency
in allocating capital to businesses
and projects
2019 performance:
Our strong return on invested capital
reflects a good performance in
operating profit across all three of
our business segments
4%
Core revenue from new products launchedWhy is it a KPI?
This demonstrates our ability to offset price erosion and other competitive pressures
2019 performance
In 2019, revenue from new product launches was $96 million. As we increase our focus on specialty products and successful pipeline execution, we expect the percentage of core revenue from new launches to reach 10% by 2023
65%
Employee enablementWhy is it a KPI?
This measures whether people find
their work fulfilling and rewarding
and whether they feel supported
to achieve their full potential
2019 performance
In 2019, we conducted an all-employee global culture survey, which produced qualitative results. We did not carry out our usual data driven all-employee survey, and therefore we do not have the enablement and engagement percentages for reporting purposes this year. The next all-employee survey is scheduled for the second half of 2020
69%
Employee engagementWhy is it a KPI?
This measures people’s pride in
working for Hikma, their willingness
to recommend Hikma as an employer
and their desire to stay long term
2019 performance
In 2019, we conducted an all-employee global culture survey, which produced qualitative results. We did not carry out our usual data driven all-employee survey, and therefore we do not have the enablement and engagement percentages for reporting purposes this year. The next all-employee survey is scheduled for the second half of 2020