Biggest pharmaceutical group in Romania sees 20% production increase in first half

02 September 2021

Zentiva Romania, the biggest pharmaceutical producer in the country, reported a consolidated turnover of RON 514 mln (EUR 104 mln) in the first half of this year and said its local factories increased their production by 20% compared with the same period of 2020.

The Zentiva factory recorded a net turnover of RON 330 mln in the first half of this year, up by 17% compared with the first six months of 2020.

However, its net profit went down by 17% to RON 34.6 mln due to the faster rise in operating expenses, according to a report posted on the Bucharest Stock Exchange.

The group’s second local business, Labormed Pharma Trading, increased its sales by 22% year-on-year.

The group’s best-selling product is the pain killer paracetamol, for which Zentiva recorded higher domestic demand as well as exports, due to new contracts on the German market.

(Photo courtesy of the company)

andrei@romania-insider.com

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Biggest pharmaceutical group in Romania sees 20% production increase in first half

02 September 2021

Zentiva Romania, the biggest pharmaceutical producer in the country, reported a consolidated turnover of RON 514 mln (EUR 104 mln) in the first half of this year and said its local factories increased their production by 20% compared with the same period of 2020.

The Zentiva factory recorded a net turnover of RON 330 mln in the first half of this year, up by 17% compared with the first six months of 2020.

However, its net profit went down by 17% to RON 34.6 mln due to the faster rise in operating expenses, according to a report posted on the Bucharest Stock Exchange.

The group’s second local business, Labormed Pharma Trading, increased its sales by 22% year-on-year.

The group’s best-selling product is the pain killer paracetamol, for which Zentiva recorded higher domestic demand as well as exports, due to new contracts on the German market.

(Photo courtesy of the company)

andrei@romania-insider.com

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