Adcock Ingram Holdings Full Year 2024 Earnings: EPS: R5.40 (vs R5.61 in FY 2023)

Adcock Ingram Holdings (JSE:AIP) Full Year 2024 Results

Key Financial Results

• Revenue: R9.64b (up 5.6% from FY 2023).
• Net income: R814.0m (down 9.4% from FY 2023).
• Profit margin: 8.4% (down from 9.8% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: R5.40 (down from R5.61 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Adcock Ingram Holdings Earnings Insights

The primary driver behind last 12 months revenue was the Prescription segment contributing a total revenue of R3.43b (36% of total revenue). Notably, cost of sales worth R6.46b amounted to 67% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to R1.34b (57% of total expenses). Explore how AIP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Pharmaceuticals industry in Africa.

Performance of the market in South Africa.

The company's shares are up 17% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Adcock Ingram Holdings that you need to be mindful of.

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