Hikma Is In No Rush To Spend As It Nears Debt-Free Status

 
• By Aidan Fry

With a net debt reduced to US$361 million by the end of 2018, less than the group’s annual operating profit of US$371 million, Hikma has plenty of firepower to pursue mergers and acquisitions. But it feels no need to do so immediately, CEO Siggi Olafsson told investors.

DebtFree
Even as it rapidly pays off a small amount of outstanding debt, Hikma is in no hurry to exercise its financial firepower to acquire companies • Source: Shutterstock

More from Archive

More from Generics Bulletin