The Management Board of Krka, d. d. held a press conference today presenting the Krka Group 2023 preliminary unaudited performance results, which the Krka Supervisory Board had discussed at its meeting yesterday. The Krka Group generated €1,806.4 million of revenue last year, up €88.9 million, or 5%, compared to 2022. Earnings before interest, tax, depreciation and amortisation (EBITDA) exceeded half a billion euro, the EBITDA margin was 27.8%. According to preliminary unaudited financial statement, the Krka Group's net profit totalled €311.2 million. The 2023 unaudited financial statements for the Krka Group and Krka, d. d. will be released on Thursday, 14 March 2024.
The President of the Management Board and Chief Executive Jože Colaric stated: "The business operations of the Krka Group in 2023 were successful. We tackled challenges due to our sound business model and by making constant adjustments in various areas of operation. We recorded the highest revenue since incorporation, and sales increased in most sales markets. Despite inflation pressures, our operating profit (EBIT) was the highest to date according to estimates, totalling €397.6 million, which is up 4% year-over-year. The expected net profit 2023 is down 14% on 2022 due FX losses, and amounted to an estimated €311.2 million. In 2023 we obtained marketing authorisations for 14 new products and completed 698 marketing authorisation procedures in various markets. Investments at Group level amounted to €131 million. This year we plan to increase the number to over €150 million.
In 2023 we updated the Krka Group Development Strategy for the 2024-2028 period and presented it to the Supervisory Board. The strategy's focus had been disclosed in a public announcement back in November 2023. Our strategy pursues sustainability aspects and objectives of operations as we strive to preserve the economic, social, and environmental responsibility towards the environments in which we operate. The excellent EGS rating that we received last November is an encouragement and a commitment to further development of sustainability in the operations of the Krka Group. We are confident that our good performance will be recognised by shareholders."
Press release: 2023 Krka Group Performance Estimate (25. 1. 2024) https://www.krka.biz/_assets/2023-Krka-Group-Performance-Estimate.pdf
The President of the Management Board and Chief Executive Jože Colaric stated: "The business operations of the Krka Group in 2023 were successful. We tackled challenges due to our sound business model and by making constant adjustments in various areas of operation. We recorded the highest revenue since incorporation, and sales increased in most sales markets. Despite inflation pressures, our operating profit (EBIT) was the highest to date according to estimates, totalling €397.6 million, which is up 4% year-over-year. The expected net profit 2023 is down 14% on 2022 due FX losses, and amounted to an estimated €311.2 million. In 2023 we obtained marketing authorisations for 14 new products and completed 698 marketing authorisation procedures in various markets. Investments at Group level amounted to €131 million. This year we plan to increase the number to over €150 million.
In 2023 we updated the Krka Group Development Strategy for the 2024-2028 period and presented it to the Supervisory Board. The strategy's focus had been disclosed in a public announcement back in November 2023. Our strategy pursues sustainability aspects and objectives of operations as we strive to preserve the economic, social, and environmental responsibility towards the environments in which we operate. The excellent EGS rating that we received last November is an encouragement and a commitment to further development of sustainability in the operations of the Krka Group. We are confident that our good performance will be recognised by shareholders."
Press release: 2023 Krka Group Performance Estimate (25. 1. 2024) https://www.krka.biz/_assets/2023-Krka-Group-Performance-Estimate.pdf
