Stada Arzneimittel, German pharmaceutical firm, reported €3m of sales revenues in Bulgaria in H1 2010, a reduction of 12% in comparison to € 3.4m in the same period of 2009.
Sales of generics, the core f the company’s business, were down by 12% y-o-y to €2.7m, whilst sales of branded products decreased by 16% to €0.3m.
Stada established a direct sales company in Bulgaria, called Stada Pharma Bulgaria EOOD, only in the first quarter of 2009. Until then it had been present in the country through export sales.
In 2009 sales revenues of Stada in Bulgaria increased by 4% in local currency or by 4% in euro valuation to €6.1m.
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