Back to the complete issue
Sunday, 21 February 2021

Consumer healthcare outfit IDH says it will beat FY2020 guidance

London-listed, Cairo-headquartered consumer healthcare firm Integrated Diagnostic Holdings (IDH) beat its guidance for FY2020, saying in a trading update that it expects to post revenues of c. EGP 2.6 bn with an EBITDA margin in excess of 40%. The company had previously suggested it expected revenues to close in the EGP 2.3-2.4 bn range for the fiscal year ending 31 December 2020. “Following Covid-19-related disruptions early in the year, starting in the second half of 2020 we witnessed accelerated top-line growth which culminated in a robust fourth quarter as the business captured strong consumer demand across its portfolio,” CEO Hend El Sherbini said. IDH’s 4Q results will “reflect a strong contribution from PCR and covid-19-related testing in Egypt and Jordan and the ramping up of IDH's house call services in both countries.” IDH operates in Egypt, Jordan, Sudan and Nigeria and is best known at home for its Al Borg and Al Mokhtabar brands. The company is presently looking to list its shares on the EGX while maintaining a primary listing on the LSE.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.