“We expect an increase in turnover (in 2012 i.e.) beyond the estimated growth of the distribution market,” the company chief executive Iulian Trandafir said.
Trandafir returned to this position a year ago, after quitting the same job in January 2008. Trandafir used to own 10% in Farmexpert, which he sold to Germany’s ANZAG (Andreae-Noris Zahn) group in 2006. The largest stake, however, was sold by Farmexpert’s founder Eugen Banciu, who currently owns a 40% stake in Farmexpert, according to latest information, which is the second largest company on the profile market.
The company budgeted investments of EUR7.5 million this year, which will be used for storage facilities and equipment.
“The market will be unpredictable in 2012, as usual. The total market will probably grow by 5% to 10%, but we cannot accurately estimate how much of this growth will come from parallel trade (medicine drugs bought in Romania and sold abroad where prices are higher i.e.) and how much from the increase in local consumption,” Iulian Trandafir said. (EUR1=RON4.3493)
(English version by Loredana Frățilă-Cristescu)