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Krka Keeps Focus On Russia-Ukraine As Sales Climb 9%

Analyst: Russian Conditions ‘Challenging But Manageable’

 
• By Dean Rudge

Slovenia’s Krka surprised the market with nearly 10% group turnover growth in the first quarter, driven by increases in all six of its sales regions, “most key markets, and by all product and service groups.”

East and SE Europe are key to Krka • Source: BelkaG/Shutterstock

Krka says it is “closely following” the impact of Russia’s invasion of Ukraine, with total sales in the Slovenian firm’s East Europe business – the company’s largest by value – increasing by 11% to €146.7m ($157m) in the first quarter, in part because of strong growth from the two countries.

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