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 bike-sharing system I’Velo by Green Revolution launched in Timișoara, western Romania, this week, increasing its nationwide footprint to a total of six cities. The residents of Timișoara can use the service free of charge. I’Velo Timișoara offers over 160 bicycles in 9 stations located in key areas across the city, namely Constantin Diaconovici Loga […]
Pizzeria Zano in Iași, eastern Romania, ranks 49th in Europe according to the 50 Top Pizza 2024 guide. The awarding ceremony was held in Madrid on May 13. 50 Top Pizza, considered by people in the industry to be the most important worldwide evaluation authority in the world of pizza, makes rankings with pizzerias and […]
Romania’s Chamber of Deputies has adopted a bill that stipulates that drivers caught drunk or under the influence of drugs will lose their driving licenses for 10 years. The legislation received 256 votes in favor. The bill aims to improve the legal framework for preventing and combating illicit drug trafficking and consumption and other substances likely […]
Romania’s minister of investments and European projects, Adrian Câciu, recently revealed that the Cluj-Napoca subway project is the most delayed one on the list of objectives funded by the National Recovery and Resilience Plan (PNRR). Câciu compared the issues facing the subway project with another similar one, the M6 line in Bucharest connecting the city […]
The IT&C field is the most attractive for Romanian high school students when it comes to their future jobs, followed by social media content creation, and marketing, advertising and journalism, according to a recent study conducted by Cult Market Research for ING Hubs Romania. The same research found that most high schoolers see themselves as […]
Key information Q1 2024 vs. Q1 2023: Best Q1 in Sphera's history in terms of sales, EBITDA and net profit Consolidated sales continue to grow at strong pace, up 9.2% Significant improvement of net profit, up 192%, to RON 21.4 million Double-digit increase in EBITDA (+69%) to RON 39.8 million Comfortable profitability, with...
