Hikma Pharmaceuticals Share Discussion Threads

[r ball] 08/12/2013 19:25

sold post results just to realise the gain (and pay for Christmas). story still in place and might buy back in if drops to £11.50 range. any thoughts?

[broadwood] 08/11/2013 07:55

Very. Should continue in a northerly direction.

Hikma Pharmaceuticals' 'injectables; business is delivering an excellent performance and the group is encouraged by the significant opportunities the US market continues to offer.

The group says its financing position remains very strong and will allow it to make further strategic acquisitions and investments, as opportunities arise.

Chief executive Said Darwazah said: "I am very pleased with the performance of the Group. Our Injectables business is delivering an excellent performance and we are encouraged by the significant opportunities the US market continues to offer.

"In our Branded business, we are delivering meaningful margin improvements through the successful execution of our strategy to focus on higher value products and through our focus on operational efficiencies.

"Strong sales of doxycycline in our Generics business continue to benefit the group by enhancing overall cash flows and strengthening our balance sheet. We are confident that we will meet our guidance for 2013 of around 20% revenue growth.

"We are performing well, we have strengthened our businesses across the Group and we are very well positioned to deliver a strong performance in 2014."

[r ball] 07/11/2013 08:07

Results tomorrow. Anybody interested.

[r ball] 30/10/2013 08:19

Very quiet here. Results soon.

[r ball] 22/10/2013 14:08

RB. moving up. bit of a rejig for big pharma in the offing.

[broadwood] 22/8/2013 08:22

Gawd. Do the opposite of Questor. He's usually behind the curve.


Generic drug manufacturer Hikma Pharmaceuticals yesterday announced a strong rise in first-half revenues of 20%to $638m, thanks to sales of its generic antibiotic called doxycycline, while pre-tax profits almost doubled. That came alongside a 17% increase in its interim dividend together with a special dividend, with the remainder of the funds being funnelled towards a reduction in the company's debt levels. Unfortunately, after a strong run – the stock has risen by more than 46% this year – the shares price in much of this good news, trading on a punchy 2014 adjusted earnings multiple of 21 times, so rate a hold for now, Questor says.

[broadwood] 21/8/2013 07:07

Looks like a seriously positive update to me at first glance.

[r ball] 20/8/2013 18:14

quite. bullish trading stmt.

[broadwood] 19/8/2013 19:51

Results upcoming.

[broadwood] 09/7/2013 14:21

Consolidating yesterday's gains.

[broadwood] 08/7/2013 15:40

Hikma Pharmaceuticals has jumped more than 6% after lifting its full year revenue forecast for the second time in just a couple of months
The company said it expected revenues to rise by 17% in 2013 thanks to strong sales of its antibiotic doxycycline. Previously it had forecast a 13% increase in May.

Its shares have added 57p to £10.51, helped by vague talk of possible merger activity in the sector. Meanwhile analyst Savvas Neophytou at Panmure Gordon said:


As a buyer of the stock, one takes windfalls with glee. We talked about the doxycycline windfall back in March when we speculated it could add an incremental $100m of profits this year. To that end, it is disappointing the company's guidance talks of only $60m or so of incremental profits so we will go against guidance and increase our forecasts by some 29% to 90.7c. Given the nature of windfalls (one-off and unpredictable), we make no changes to 2014 forecasts at this stage. We raise our target price to 1100p (1000p).

The stock is now trading at a prospective year PE ratio of 16.3 times (2013) and 14.9 times (2014). Although this is a significant premium to pan-European, large-cap pharmaceutical companies, we believe this is warranted due to its growth potential

[broadwood] 08/7/2013 08:43

Doing very nicely so far.

[broadwood] 08/7/2013 08:18

Hikma Pharmaceutical said all of its businesses have continued to perform well and overall it expects revenue to grow by around 17 per cent in 2013, up from previous guidance of around 13 per cent.

Across its main businesses, generics continued to benefit from strong doxycycline sales. Given the strong performance of doxycycline, Hikma said it is raising its full year guidance for this business to revenue of around $200m with a reported operating margin of above 30%.

Elsewhere its branded business remains on track to meet its current full year guidance of around 9% revenue growth or 11% in constant currency, with adjusted operating margin in line with 2012. Due to the timing of shipments, Branded revenue growth is expected to be stronger in the second half of the year, Hikma explained.

Its injectables business has performed well since its last update in May, driven by strong performances in the US and Europe. Hikma said there has been strong demand from the MENA region, where it has won some key tenders.

"We expect these tenders will drive MENA revenue growth in the second half of the year. We continue to expect the global injectables business to deliver low double digit revenue growth for the full year," the group said in a statement.

Chief Executive Officer Said Darwazah commented: "We are performing well across all of our businesses and I am pleased to be able to raise our group guidance for the full year once again."

"Overall, our diversified business model is positioning the group to deliver another strong year in 2013."

[broadwood] 08/7/2013 08:01

Bought some at the off.

[abcd1234] 01/3/2013 13:18

Lots on the wires about possible values for this part of the business ;O)

[northernlass] 21/5/2012 15:55

Will Surpass $1bn in Revenue

HIKMA REITERATES GUIDANCE DESPITE GENERICS HICCUPS

Things appear to be proceeding to plan at Hikma Pharmaceuticals as it has reiterated its revenue growth guidance for 2012, despite a few setbacks in its generic drugs business.

"We are making good progress towards delivering our targets for this year and surpassing the important milestone of $1bn in revenue," said Said Darwazah, Chief Executive Officer of Hikma.

The group announced 28% growth in its branded business during the first four months of the year, along with 12%organic revenue growth.

"Excellent" growth has been seen in two of the company's largest markets, Algeria and Egypt, which have benefited from increased local production and greater manufacturing capacity, respectively.

A slower-than-expected start in Sudan and the effect of reorganisation in Iraq has been partially offset by a good performance from its businesses in Saudi Arabia, Tunisia and Libya, as well as higher tender sales.

In a statement the company said: "We reiterate our guidance of around 20% Branded revenue growth for the full year and expect around 45% of revenue to be delivered in the first half.

"We continue to expect gross margin and adjusted operating margin in 2012 to be broadly in line with 2011, reflecting the increases that we anticipated in wages and research and development expense and the impact of consolidating Promopharm, our recent acquisition in Morocco. The benefit of operating leverage will mean margins are stronger in the second half of the year."

Divisionally, the firm's injectables business has performed "extremely well" this year, driving strong demand for its products in the US. Overall, the group expects that the global business will achieve revenue growth of more than 35% in 2012, with an adjusted operating margin in the high teens.

The Generics business, however, continues to see pricing pressures and revenue has been further affected by actions the company is taking in response to the US Food and Drug Administration (FDA) warning letter it received in February for its Eatontown facility, which is causing a slow-down in sales, but a stronger second half is expected. The full year adjusted earnings before interest and tax margin is set to be in the mid single-digits.

Source:



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[volsung] 03/5/2012 11:10

is good yes?

[volsung] 02/5/2012 16:26

Naace on bad day.

[volsung] 30/4/2012 09:55

But I is and I like it. Bum bum boobies!!

[volsung] 26/4/2012 16:33

There does not be anybody here.