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:
$2517m
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
2022 Performance:
Group core revenue down by 1% reflecting strong performance from Injectables and Branded businesses, which helped offset a decline in Generics
$596m
Core operating profitWhy is it a KPI?
This measures our ability to grow revenue and maintain quality while delivering efficiencies and ensuring cost control
2022 performance:
The decrease in core operating profit was driven by lower profits in Generics, partially offset by good performance in Injectables and Branded
14.9%
Return on invested capitalWhy is it a KPI?
This measures our efficiency in allocating capital to businesses and projects
2022 performance:
The decrease in return on invested capital reflects the reduction in core operating profit driven by lower Generics profitability and higher debt due to recent acquisitions
6%
Core revenue from new products launchedWhy is it a KPI?
This measures our ability to extract value from our global product pipeline
2022 performance
In 2022, revenue from new launches was 6% of Group core revenue, down from 9% in 2021. The decrease reflects a lower contribution from Generics new launches compared to the previous period, where we had an exceptionally high contribution. We achieved good contribution from Injectable and Branded 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
2022 performance
Hikma aims to run a global employee survey every two years. The last full employee survey was run in 2020. In 2021, we conducted an accountability index survey to measure the visibility of management action to address areas identified in the last all-employee survey. It showed an 18 point improvement in the accountability index score when compared to 2020. In 2022 we took the decision to delay the scheduled all-employee survey until 2023. As such, we are reporting the enablement and engagement percentages from 2020. To find out more about our engagement and enablement activities for our employees, refer to the stakeholder engagement on page 19 and empowering our people on page 44 in the 2022 annual report
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
2022 performance
Hikma aims to run a global employee survey every two years. The last full employee survey was run in 2020. In 2021, we conducted an accountability index survey to measure the visibility of management action to address areas identified in the last all-employee survey. It showed an 18 point improvement in the accountability index score when compared to 2020. In 2022 we took the decision to delay the scheduled all-employee survey until 2023. As such, we are reporting the enablement and engagement percentages from 2020. To find out more about our engagement and enablement activities for our employees, refer to the stakeholder engagement on page 19 and empowering our people on page 44 in the 2022 annual report