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【Jefferies-2025研报】Krka d.d.（KRKG）：初步观点2025年第一季度业绩；首次观察.pdf

发布：2025-05-16约3.92万字共7页下载文档

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Slovenia|Pharmaceuticals/Specialty

EquityResearch

Krkad.d.May15,2025

FirstView:Q125Results;FirstLookFIRSTVIEW

RATINGHOLD

Conclusion

In1Q25KRKAreiteratesguidanceasrevsincreased+7%to€522mwhilePRICE€180.50^

NetProfitgrewto€152m,up52%YoY.ThisNImovewasdrivenbyFXPRICETARGET|%TOPT€156.00|-14%

RUBmovescontributing€57.6m,whileUSDexposureisreducedthrough52WHIGH-LOW€183.00-€124.50

hedging.WelookforfurthercommentaryonFXexposureandotherkeyFLOAT(%)|ADVMM(USD)66.0%|1.23

growthdriversontheconferencecall.ConfCall2pmUK.MARKETCAP€5.9B|$6.6B

TICKERKRKGSV

Detail^Priortradingdaysclosingpriceunlessotherwise

noted.

Q125Overview:

•Q1Revs+7%to€522.1mdrivenbyallproductsandservicesgroups,withstrong

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