{"id":549337,"date":"2022-09-13T04:00:52","date_gmt":"2022-09-13T04:00:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/"},"modified":"2022-09-13T04:00:52","modified_gmt":"2022-09-13T04:00:52","slug":"idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/","title":{"rendered":"IDH adapts to \u201cpost-covid\u201d era, sees conventional sales rise as covid-related sales slide"},"content":{"rendered":"<p><strong>Integrated Diagnostics Holding (IDH) saw its bottom line decline <\/strong><strong>62% y-o-y<\/strong><strong> to EGP <\/strong><strong>125.6 mn in 2Q 2022<\/strong> amid a drop in covid-related income as the pandemic recedes, according to its latest <a href=\"https:\/\/ent.news\/2022\/9\/IDH-1H2022-ER-E-FINAL.pdf\">earnings release (pdf)<\/a>. The LSE- and EGX-listed consumer healthcare firm reported a 34% y-o-y decline in revenues to EGP 773.6 mn during the April-June quarter.<\/p>\n<p><strong>This was expected: <\/strong>Covid-related net sales fell 87% to EGP 75 mn during the quarter as infection rates continued to fall, governments ended mandatory testing regimes, and test prices declined.<\/p>\n<p><strong>Meanwhile: IDH\u2019s conventional business is growing: <\/strong>The drop in covid testing was partially offset by growth in conventional sales, which rose 18% y-o-y to EGP 699 mn in the quarter. Conventional sales accounted for 90% of the company\u2019s total net sales, up from 51% in the same period last year. Notably, conventional sales were up both year-on-year and quarter-on-quarter in 2Q despite the seasonal slowdown associated with Ramadan and the Eid holiday.<\/p>\n<p><strong>IDH remains optimistic despite economic challenges: <\/strong>The company, which operates in Egypt, Sudan, Nigeria and Jordan, has maintained its full-year guidance and is on track to increase revenues from conventional sales by 20% from 2021, despite supply chain snags and a high inflation environment, said IDH CEO Hend El Sherbini. \u201cWhile we expect the current operational challenges to persist throughout the rest of 2022, I firmly believe that the robust mitigation measures we have put in place provide ample protection against possible future disruptions to the business.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Integrated Diagnostics Holding (IDH) saw its bottom line decline 62% y-o-y to EGP 125.6 mn in 2Q 2022 amid a drop in covid-related income as the pandemic recedes, according to its latest earnings release (pdf). The LSE- and EGX-listed consumer healthcare firm reported a 34% y-o-y decline in revenues to EGP 773.6 mn during the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":549338,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[302,409,72,1406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-integrated-diagnostics-holding","wpautop","entry"],"acf":{"mongo_id":"eb5ecf12-2b5b-458e-ab8e-383d0ae80eb6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/205.jpg","photo_position":"above","related_issue":[549330],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IDH adapts to \u201cpost-covid\u201d era, sees conventional sales rise as covid-related sales slide - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDH adapts to \u201cpost-covid\u201d era, sees conventional sales rise as covid-related sales slide\" \/>\n<meta property=\"og:description\" content=\"Integrated Diagnostics Holding (IDH) saw its bottom line decline 62% y-o-y to EGP 125.6 mn in 2Q 2022 amid a drop in covid-related income as the pandemic recedes, according to its latest earnings release (pdf). The LSE- and EGX-listed consumer healthcare firm reported a 34% y-o-y decline in revenues to EGP 773.6 mn during the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-13T04:00:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/205.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IDH adapts to \u201cpost-covid\u201d era, sees conventional sales rise as covid-related sales slide\",\"datePublished\":\"2022-09-13T04:00:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/\"},\"wordCount\":247,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/205.jpg?fit=%2C&ssl=1\",\"keywords\":[\"earnings\",\"earnings watch\",\"EnterpriseAM\",\"Integrated Diagnostics Holding\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/13\/idh-adapts-to-post-covid-era-sees-conventional-sales-rise-as-covid-related-sales-slide\/\",\"name\":\"IDH adapts to \u201cpost-covid\u201d era, sees conventional sales rise as covid-related sales slide - 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