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:
$2553m
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
2021 Performance:
Group core revenue increased by 9% reflecting good performance from all three business segments, supported by strong recent product launches
$632m
Core operating profitWhy is it a KPI?
This measures our ability to grow revenue and maintain quality while delivering efficiencies and ensuring cost control
2021 performance:
The increase in core operating profit was driven by good revenue growth across all three business segments and strong growth in Generics profitability
17.1%
Return on invested capitalWhy is it a KPI?
This measures our efficiency in allocating capital to businesses and projects
2021 performance:
The increase in return on invested capital reflects the improvement in core operating profit, primarily driven by a strong step up in Generics profitability, lower total debt and strong cash flow
9%
Core revenue from new products launchedWhy is it a KPI?
This measures our ability to extract value from our global product pipeline
2021 performance
In 2021, revenue from new product launches was 9% of Group core revenue, up from 7% in 2020. This reflects the strong contribution from new launches in Generics and good contribution from Injectable and Branded launches. This shows good progress towards achieving our goal of 10% of revenue from new launches by 2023
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
2021 performance
Hikma runs a global employee engagement survey every two years. As such, we do not have the enablement and engagement percentages for reporting purposes this year. In 2021, we conducted an accountability index survey to measure the level of action planning conducted by managers post the last all-employee engagement survey. It showed an 18 point improvement in the accountability index score when compared to 2020
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
2021 performance
Hikma runs a global employee engagement survey every two years. As such, we do not have the enablement and engagement percentages for reporting purposes this year. In 2021, we conducted an accountability index survey to measure the level of action planning conducted by managers post the last all-employee engagement survey. It showed an 18 point improvement in the accountability index score when compared to 2020