Help Net’s 2020 target is to achieve growth of 22%, which would take its sales to RON1 billion, according to ZF estimates.
“The development of the Help Net pharmacy chain is a constant priority for our company. Help Net has grown to 300 pharmacies following 2019 acquisitions,” Sebastian Ring, managing director of wholesaler Farmexim and of Help Net.
The owner of the Farmexim group (the wholesaler by the same name and the pharmaceutical retailer Help Net) is German-held pharmaceutical group Phoenix, which bought it in 2018. Phoenix stepped up acquisitions in Europe and in Romania in 2019.
Pharmaceutical retail stood at RON19 billion in Romania in 2018, Trade Register data show. (EUR1=RON4.7786)
(English version by Loredana Fratila-Cristescu)