EBIT Margin DeteriorationA falling EBIT margin signals rising operating costs or weaker operating leverage versus revenue growth. If persistent, lower operating profitability can erode the firm's ability to fund growth internally and reduce resilience to margin pressure in competitive pharmaceutical markets.
Year-over-year OCF DeclineA decline in operating cash flow, even from a high base, may reflect working-capital build, one-off receipts in the prior year, or margin timing. Continued OCF erosion would constrain free cash flow availability for reinvestment, debt servicing or shareholder returns over the medium term.
No Dividend YieldNot returning cash via dividends reduces direct shareholder income and can signal prioritization of reinvestment or balance-sheet repair. For investors seeking yield or disciplined capital allocation, the lack of a dividend is a structural drawback unless retained cash demonstrably funds higher-return uses.