Integrated Report
2024

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Our strategic business performance

A high-level overview of our performance over the past year and the outlook for each of our strategic objectives is set out in the pages that follow.

  • Maintained a reliable supply of medicines across the geographies of our operations.
  • Achieved progress against the milestones set out in our Access to Medicines position paper aimed at galvanising the Group’s efforts to achieve its commitments to promote access to medicines.
  • Progressed the technical transfer of the four vaccines from Serum Institute
  • Enhanced our portfolio of products in emerging markets through transactions with Lilly, Viatris and Sandoz.
  • Concluded an agreement to manufacture Human Insulins for Novo Nordisk.

Business segments

Commercial Pharmaceuticals

Manufacturing

Products which generally require a prescription from a healthcare professional. Primary therapeutic areas are anti-inflammatories, immunosuppressants, hypothyroidism, anti-gout, analgesics, and corticosteroids.

Revenue (%)

25%

of Group revenue

36%

of Group gross profit

Africa Middle East
45
Australasia
39
Americas
25
Asia
6
Europe CIS
6

Products that do not require a prescription and are mainly sold through retail pharmacies and the fast moving consumer goods sector, where brand recognition, marketing, and interactions with pharmacists play a key role in influencing consumer choices.

Revenue (%)

22%

of Group revenue

29%

of Group gross profit

Africa Middle East
37
Australasia
25
Europe CIS
20
Americas
15
Asia
3

Aspen’s injectable products are primarily administered in hospitals and also prescribed and administered by either physicians or in a retail pharmacy environment. These products focus on key therapeutic areas, including anaesthetics, anticoagulants, antithrombotic agents, analgesics, and hormone replacement therapies.

Revenue (%)

21%

of Group revenue

28%

of Group gross profit

Asia
33
Americas
25
Europe CIS
20
Africa Middle East
13
Australasia
9

Aspen operates 24 manufacturing facilities spread across 15 sites. Our strategic manufacturing sites have earned international accreditation from some of the world's most stringent global regulatory agencies. Our manufacturing capabilities encompass a wide range of product types, including steriles, oral solid doses, liquids, semi-solids, biologicals, and APIs.

Revenue (%)

32%

of Group revenue

7%

of Group gross profit

Europe CIS
90
Australasia
6
Africa Middle East
3
Asia
1

* Based on source of manufacture.

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