In Romania, Gedeon Richter owns a medicine factory in Targu-Mures – Gedeon Richter Romania, a network of over 120 drugstores – Gedeon Richter Farmacia, and medicine distribution company Pharmafarm.
Romanian distribution and retail operations generate 69% of the group’s revenues on this segment, namely EUR30.8 million, a 3.7% increase compared to the first quarter of 2012, Gedeon Richter said in its earnings report released Thursday.
On the medicine production segment, the company’s sales declined 4.2%, to RON33 million (EUR7.5 million). Expressed in euros, the decline was 5.1%.
On the segment of female healthcare products, sales in Romania declined more than 27%, to RON5.6 million (EUR1.3 million).
On a group level, Gedeon Richter posted a 4.7% growth in first-quarter sales.