Hikma Pharmaceuticals (HIK)

Sector:

Pharma and Biotech

Index:

FTSE 100

1,964.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 2,205.00
  • 52 Week Low: 1,722.00
  • Currency: UK Pounds
  • Shares Issued: 221.89m
  • Volume: 19,497
  • Market Cap: £4,357.83m
  • RiskGrade: 125

Hikma lifts guidance for generics business

By Frank Prenesti

Date: Thursday 03 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Hikma Pharmaceuticals lifted annual revenue and margin guidance for its generics business as first-half core operating profit rose 35%.
The drugmaker on Thursday said it now expected the generics business to report revenue growth of close to 30%, up from its previous forecasts of around 20%, and core operating margin to be 18 - 20%, up from 16 - 18%.

Core operating profit came in at $401m from $296m a year ago. Revenue was up 18% to $1.4bn.

"Our generics business had an excellent first half, as the competitive pressures experienced in 2022 began to ease. We have seen a reduction in price erosion and we have been able to increase volumes across the portfolio," the company said.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HIK Market Data

Currency UK Pounds
Share Price 1,964.00p
Change Today 6.00p
% Change 0.31 %
52 Week High 2,205.00
52 Week Low 1,722.00
Volume 19,497
Shares Issued 221.89m
Market Cap £4,357.83m
RiskGrade 125

HIK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.18% below the market average51.18% below the market average51.18% below the market average51.18% below the market average51.18% below the market average
21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average
Price Trend
56.56% above the market average56.56% above the market average56.56% above the market average56.56% above the market average56.56% above the market average
69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average
Income
8.95% above the market average8.95% above the market average8.95% above the market average8.95% above the market average8.95% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Growth
36.86% below the market average36.86% below the market average36.86% below the market average36.86% below the market average36.86% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 4
Sell 1
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HIK Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 10-Aug-23
Paid 03-May-24 15-Sep-23
Amount 47.00¢ 25.00¢

Trades for 17-Jun-2024

Time Volume / Share Price
11:03 97 @ 1,964.00p
11:02 44 @ 1,964.00p
11:02 11 @ 1,965.00p
11:02 149 @ 1,965.00p
11:01 151 @ 1,965.00p

HIK Key Personnel

CEO Riad Mishlawi

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