Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Biofarm records in 2023 net profit worth 77...

Biofarm records in 2023 net profit worth 77 million lei

April 4, 2024

Biofarm recorded in 2023 a net profit worth 77 million lei, up 9% from the previous year, and a turnover of about 280 million lei, according to preliminary unaudited results released the company released on Thursday."In 2023, we have successfully implemented cost optimisation strategies, focusing in particular on two of the company's values: performance and care for the end consumer. Thus, we managed to identify efficient ways to control our expenses, even in the context of rising raw material and packaging prices," said Biofarm CEO Catalin Vicol.According to him, the Consumer Healthcare category in Romania is becoming more and more competitive year by year, with a slight decline in volumes in 2023 compared to 2022."Nevertheless, we ended 2023 managing to consolidate our position on the market, with a positive evolution of the volume market share and to contribute positively to the quality of life of patients and consumers in Romania," added Catalin Vicol.According to the source, Biofarm continued to consolidate its market share in the Consumer Healthcare (CHC) segment and ended 2023 in second position in terms of number of units sold.Biofarm has two medicine factories in Bucharest and a product testing and development unit, and its portfolio of over 100 products covers the most important therapeutic areas in the Consumer Healthcare division (digestive & metabolic, respiratory & ENT, cardiovascular & circulatory, nervous system).Biofarm is one of the leading Romanian manufacturers of medicines and dietary supplements. For 100 years Biofarm has been alongside Romanian specialists in the race to discover the best solutions for maintaining human health.Currently, Biofarm is one of the top 10 manufacturers on the Romanian pharmaceutical market, a dynamic and highly competitive market. Biofarm has a competitive product portfolio covering more than 65 therapeutic areas and continuously invests in media, commercial and marketing campaigns to promote its products.

The text of this article has been partially taken from the publication:
http://actmedia.eu/companies/biofarm-records-in-2023-net-profit-worth-77-million-lei/107522
Read in full - click here
Floods in northern Romania: More than 800 houses damaged, 300 firefighters still working in the area

More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]

Romania mulling harsher penalties for violence against women and domestic violence

Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]

Via Transilvanica to apply for official status after Romanian Govt issues norms for national trails

Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest.  Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...

Romanian former prime minister Marcel Ciolacu considering candidacy for Buzău County Council

Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]

Southern Romania: Călimănești Balneo-Physiotherapy Clinic to undergo EUR 10 mln rehabilitation

The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]

Bringo launches Bringo YOU – the loyalty program that rewards shopping routines with extra benefits, no sign-up or additional costs required

Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]