Krka Welcomes ‘Highest Ever Net Profit’ As EBITDA Jumps By 30%

Slovenian Company Publishes Preliminary 2020 Financial Results

Slovenia’s Krka saw business boom as it rushed to supply the demand created by the coronavirus pandemic, while reaping the benefits from its vertically integrated business model. CEO and president of the management board Jože Colarič has just been appointed for another six-year term.

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"We recorded our best sales results ever,” Krka has revealed. • Source: Shutterstock

Krka enjoyed a 32.5% EBITDA margin and a 3% climb in group revenues to €1.53bn ($2.09bn) in 2020, according to preliminary results, in the wake of soaring demand and stockpiling in the early stages of last year considering the coronavirus pandemic.

“Even though the pandemic hindered our marketing-and-sales activities, we recorded our best sales results ever,” management noted, having warned in...

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