Hikma 1H Adj. Pft, Rev. Up; Sees Lower 2014 Branded Op. Margin
2014-08-20 06:09:00.904 GMT
By Allison Connolly
Aug. 20 (Bloomberg) -- Keeps 2014 forecast for group rev.
growth of ~5% in 2014.
* 1H adj. basic EPS 88.9c
* 1H rev. $738m
* 1H adj. op profit $176m
* Interim div. 7c; special div. 4c
* Now expects branded business to deliver low single digit
revenue growth for 2014, resulting in an adj. operating
margin below 2013; previously saw branded rev. growth of
~10% in 2014, adj. op. margin in line with 2013 in constant
FX
* Now sees 2014 generics rev. of ~$200m, with an adj.
operating margin of above 45%
* Statement
* NOTE: May 15, Co. raised injectables forecast for 2014
* NOTE: July 24, Hikma to Buy Ben Venue Manufacturing Site,
Has $4m Gross Assets
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To contact the reporter on this story:
Allison Connolly in London at +44-20-3525-7043 or
aconnolly4@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-08-20 06:09:00.904 GMT
By Allison Connolly
Aug. 20 (Bloomberg) -- Keeps 2014 forecast for group rev.
growth of ~5% in 2014.
* 1H adj. basic EPS 88.9c
* 1H rev. $738m
* 1H adj. op profit $176m
* Interim div. 7c; special div. 4c
* Now expects branded business to deliver low single digit
revenue growth for 2014, resulting in an adj. operating
margin below 2013; previously saw branded rev. growth of
~10% in 2014, adj. op. margin in line with 2013 in constant
FX
* Now sees 2014 generics rev. of ~$200m, with an adj.
operating margin of above 45%
* Statement
* NOTE: May 15, Co. raised injectables forecast for 2014
* NOTE: July 24, Hikma to Buy Ben Venue Manufacturing Site,
Has $4m Gross Assets
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Allison Connolly in London at +44-20-3525-7043 or
aconnolly4@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net