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Hikma Is Keeping On Top Of COVID ‘Rollercoaster’

CEO Siggi Olafsson Points To Careful Management Of Supply Chain

 
• By Dave Wallace

Careful supply-chain planning and an agile, flexible approach to manufacturing have been key in helping Hikma to stay on top of the “rollercoaster ride” provided by the COVID-19 pandemic in 2020 so far, according to CEO Siggi Olafsson.

Rollercoaster
COVID-19 was a “rollercoaster ride” for Hikma in the first six months of 2020 • Source: Shutterstock

Hikma stood out among its industry peers when it recently reported results for the first half of 2020 that were “ahead of initial expectations.” Recently ranked by Generics Bulletin as the world’s 15th largest off-patent company by sales (Also see "Major Players Swap Positions Among Industry Top 50" - Generics Bulletin, 20 August, 2020.), the firm’s first-half operating profit rose by 25% to $297m on sales up by 8% to $1.132bn, at a time when much of the off-patent industry was experiencing adverse effects from the COVID-19 pandemic, balancing out short-term increases in demand that had been enjoyed earlier in the year. (Also see "Hikma’s First-Half Profits Leap By A Quarter" - Generics Bulletin, 11 August, 2020.)

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