The Farmexim / Help Net group, part of the PHOENIX group, contributed positively to the good results of the German corporation, recording a turnover of EUR 734.2 million in 2020, which means an increase of 12% compared to the previous year.
For the Farmexim / Help Net group, 2020 was a year of intense growth, both organically and through acquisitions. At the end of the year, the group totalled more than 3,000 employees in Romania, grouped into three business lines: distribution, retail and services for pharmaceutical manufacturers. The growth was largely due to the integration of 146 pharmacies into the Help Net network, through acquisitions, but also through openings from scratch.
"These results could not have been achieved without the strong Farmexim/Help Net team that made a huge effort to adapt and overcome the challenges of this new reality, as the pandemic overlapped with an extremely ambitious expansion project. " Sebastian Ring, MD of Farmexim / Help Net.
German corporation PHOENIX group has further strengthened its leading position in pharmaceutical retail and drug distribution in Europe in the challenging financial year 2020/21, heavily impacted by the COVID-19 pandemic.
PHOENIX group reported a 3.2% increase in turnover, increased its operating performance by 4% and its EBIDTA by 8.3%. Sales reached €28.2 billion, total operating performance reached €35.9 billion and EBITDA increased to €653.4 million.
Sven Seidel, Chairman of the Board of PHOENIX Pharma SE, points out, "We managed to increase our sales and grow our revenues in the last financial year, despite large fluctuations in demand. In cooperation with pharmacies, we have successfully managed to overcome peak periods even in times of pandemics." He added:" Thanks to the commitment and dedication of our employees in distribution and retail, we were able to ensure supplies to the population in heavily affected regions even at the height of the pandemic. The PHOENIX group has thus underlined its crucial importance in Europe's healthcare services".