We are delivering our strategy through our three strategic priorities and measuring our performance with key performance indicators (KPIs).
The key performance indicators (KPIs) we measure our performance against are:
$2341m
Core revenueWhy is it a KPI?
This measures our ability to maximise value from our current product portfolio across our global markets and generate revenue from new launches
2020 Performance:
Group core revenue increased by 6% reflecting good demand for our in-market products and new product launches
$566m
Core operating profitWhy is it a KPI?
This measures our ability to grow
revenue and maintain quality while
delivering efficiencies and ensuring
cost control
2020 performance:
The increase in core operating profit was driven by good revenue growth across all three business segments and growth in profit of our Generics and Injectables businesses
16.2%
Return on invested capitalWhy is it a KPI?
This measures our efficiency
in allocating capital to businesses
and projects
2020 performance:
Return on invested capital remained strong at 16.2%. This was slightly lower than 2019, reflecting the adverse impact of foreign exchange on core operating profit
7%
Core revenue from new products launchedWhy is it a KPI?
This measures our ability to extract value from our global product pipeline
2020 performance
In 2020, revenue from new product launches was 7% of Group core revenue, up from 4% in 2019. This reflects the better than expected contribution from new launches in Generics and good contribution from Injectable launches
64%
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
2020 performance
Our employee enablement score decreased by 1%, compared to our 2018 survey. We are working to improve employee enablement across our organisation. In 2020 we introduced our new culture framework and refreshed our values. We are implementing new initiatives to promote our values and enable employees to do their best work
73%
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
2020 performance
Employee engagement improved by 4 percentage points since 2018. This reflects increased communication and collaboration across the Group, particularly around addressing employee concerns in relation to COVID-19