A&D Pharma general manager Robert Popescu said Thursday the situation on the market is pretty bad and the company found it difficult to hit its targets in the first five months of the year.
Popescu expects the company’s sales will grow at a similar pace with the market.
“We are not far from what we’ve planned, but undoubtedly it was difficult to meet the targets we set at the end of last year,” Popescu said at a conference organized by financial daily Ziarul Financiar.
The Romanian drug market stood at 3.05 billion lei (EUR696.6 million) in the first quarter of 2013, up 4.3% on the year and down 2.5% compared with the last quarter of 2012, according to Cegedim data.
The local drug market is expected to increase 1.4% this year.
A&D Pharma is controlled by businesspeople Walid Abboud, Roger Akoury, Ludovic Robert and Michel Eid.