LaborMed sales worth €28m in first five months of 2010
2010-07-09
LaborMed, a prominent Romanian producer of generic drugs, reports sales worth €28m generated during the first five months of 2010, according to Wall Street. In H1 2009 the company earned €16m only, but this year its business improved substantially because of the incorporation into LaborMed’s results of the sales of the Ozone and PlantExtrakt products acquired by the company in 2009.
Last year LaborMed earned revenue of €51m, 3% of which came from exports. In 2010 the company plans to generate approximately 15% from exports and to achieve total revenues of approximately €70m. The company’s main shareholder is the US investment fund Advent International.
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