6TH DECEMBER 2018: S&R FARMACEUTICI BALCANI IS BORN

It’s official. 6th December is the latest addition to the list of dates to remember at S&R Farmaceutici spa. It marks the début of S&R Farmaceutici Balcani, which starting from today shall target the foreign market of Albania first and foremost (it is based in Tirana) as well as the entire area of former Yugoslavia. The operative structure consists of 6 staff members: a resident manager, a company sales manager, four pharmaceutical representatives and an administrative assistant. S&R Farmaceutici Balcani is 70% owned by S&R Farmaceutici spa and 30% owned by three non operative investor shareholders, each with a 10% stake in the company. The total investment amounts to around 500 thousand euros, including the purchase of shares held by the company’s previous owner, Italfarma, and for infrastructures required for operations.

Mauro Dionigi, Chief Executive Officer of S&R farmaceutici commented how “This investment is a further step towards company expansion that is increasingly characterising our business in a multinational dimension, even though all pharmaceuticals we commercialise are made in Italy. I am optimistic about the future of the Balkans division, while still maintaining a certain degree of prudence”.

Therefore 2018 has ended on a highly positive note: turnover is in excess of 13 million 600 thousand euros, double compared to last year. Mr. Dionigi explains how “This is partly due to increased sales of some products and partly due to the acquisition of new ones which have further enriched our offering”.