The year-over-year increase was just 2%, but the 2020 results show it was the best year for Favisan since its inception. The pandemic context has influenced sales of food supplements, considering that patients focused on solutions to boost their immune system.
Favisan’s profit halved to RON300,000 on the year in 2020.
At its 2,000-sqm factory, Favisan manufactures over 580 products such as food supplements, teas, tinctures, capsules, syrups and cosmetics.
Sales of vitamins and food supplements in Romania reached RON1.9 billion in 2020, up 5% from 2019, per calculations by Ziarul Financiar (ZF) based on Euromonitor data.