Coronavirus Trend Helps Improve Krka’s EBIT By 85%

As Prescription Pharmaceutical Sales Shoot Up In Q1

Slovenian firm Krka saw an increased demand for its prescription product portfolio during the quarter, which boosted group sales by more than a fifth. The company’s bottom line was a slightly more complex tale, as currency exposure in Russia wiped out significant gains in Krka’s EBIT.

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Krka saw a huge upward tick for its EBIT during the first quarter of this year • Source: Shutterstock

Group sales increasing by more than a fifth to €462.9m ($507m), as demand soared following the coronavirus outbreak, combined with a handle on costs led [Krka] to report earnings before interest and tax that were 85% higher at €133.9m in the first three months of this year.

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