Krka Welcomes ‘Highest Ever Net Profit’ As EBITDA Jumps By 30%
Slovenian Company Publishes Preliminary 2020 Financial Results
Executive Summary
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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Krka, Accord And Xeris Pick Up European Nods
The EMA’s CHMP has recommended granting pan-European marketing authorizations for Krka’s lenalidomide versions of Revlimid and Accord’s sunitinib rival to Sutent, as well as Xeris Pharmaceuticals’ glucagon hybrid rival to Glucagen.
EBITDA Margin Of 33% Not Sustainable, Krka Underlines
Krka’s bottom line continues to be stronger than usual, driven by a hike in sales and leaner cost base. Looking to 2021, however, management brought investors back down to earth.