Richter Increased Its Profit in Q1

Gedeon Richter Plc Sales amounted to HUF 61,338 million (EUR 206.7 million) in the three months to March 2009, a 7.6  pct increase (in Euro terms 6.0  pct decline) when compared with the same period of 2008.

The severe economic downturn accompanied by large scale currency depreciations in most of our core markets impacted adversely the turnover reported in Euro or US Dollar. The notable exception was the USA market, where the Group has reported substantial sales growth during the first quarter of 2009.
In Hungary sales totaled 8,541 HUF million (EUR 28.8 million) in the first quarter of 2009. No significant price reductions during this period in the pharmaceutical market resulted in a performance 15.1  pct higher than the low level recorded in the same period a year ago.

 

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