14. 11. 2024

January to September 2024 Business Results

2 min. read

In the nine months of 2024, the Krka Group generated revenue of €1,434.7 million, up 7% year on year, yielding €281 million in net profit, up 19% on the same period last year. The Supervisory Board of Krka discussed the 2024 January to September interim report for the Krka Group and Krka, d. d., Novo mesto at its regular meeting yesterday.

krka-business-results-2024-1-9

President of the Management Board and Chief Executive Jože Colarič explained: ‘The Krka Group continued to record good business results also in the third quarter. We increased sales in five of our six sales regions, most of our key markets, and all product and service groups. Sales increased by 7% and net profit by 19%. We based our forecasts on the achieved results. We expect the Krka Group to outstrip target sales and create €1,890 million in product and services sales and net profit of €339 million. We also informed the Supervisory Board on our 2025 business plan. We plan sales at €2 billion and net profit at €354 million.’

Financial highlights

€ thousandJan–Sep 2024Jan–Sep 2023Index
Revenue1,434,6621,340,536107
– Of that revenue from contracts with customers (products and services)1,427,5141,334,881107
Gross profit819,323771,216106
Earnings before interest, tax, depreciation and amortisation (EBITDA)401,748398,235101
Operating profit (EBIT)332,609320,274104
Profit before tax (EBT)337,331286,610118
Net profit281,027235,559119
R&D expenses136,364127,344107
Investments91,70381,454113

Performance ratios

 Jan–Sep 2024Jan–Sep 2023
Gross profit margin57.1%57.5%
EBITDA margin28.0%29.7%
EBIT margin23.2%23.9%
EBT margin23.5%21.4%
Net profit margin (ROS)19.6%17.6%
Return on equity (ROE)17.1%14.8%
Return on assets (ROA)13.4%11.8%
Liabilities/Equity0.2780.253
R&D expenses/Revenue9.5%9.5%

Sales

Product and Service Sales by Region

      Region Slovenia,6.5
Region South-East Europe,14.1
Region East Europe,33.9
Region Central Europe,23.0
Region West Europe,18.5
Region Overseas Markets,4.0
    

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