DGAP-News: STADA's subsidiary Eurogenerics increases profitability with new distribution agreement in Belgium
(firmenpresse) - DGAP-News: STADA Arzneimittel AG / Key word(s): Contract
STADA's subsidiary Eurogenerics increases profitability with new
distribution agreement in Belgium
31.01.2013 / 13:59
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STADA's subsidiary Eurogenerics increases profitability with new
distribution agreement in Belgium
Bad Vilbel/Brussels, January 31, 2013 - STADA Arzneimittel AG's Belgian
subsidiary, S.A. Eurogenerics N.V., and the pharmaceutical company Omega
Pharma N.V. have signed a new contract with a minimum term of five years
for the distribution of generics to pharmacies and wholesalers in Belgium.
As compared to the previous conditions, Eurogenerics expects annual cost
reductions in the higher single-digit million euro area over the period of
the contract. Customers in Belgium will also benefit from considerably
improved service as a result of more intense utilization of the Omega
Pharma sales team.
'We are very pleased to have reached an agreement with our long-standing
partner Omega Pharma. This not only guarantees us five more years of
continuity as well as the professionalism we have come to expect from the
distribution of our generics in Belgium, it also results in significant
cost reductions as compared to the previous conditions', says Hartmut
Retzlaff, Chairman of the Executive Board at STADA. 'In addition to Group
programs to increase profitability, such cost optimizations in the markets
also keep us confident that we will be able to reach our financial goals
for 2014.'
Eurogenerics has been carrying out the operational distribution of its
products in Belgium via Omega Pharma since 1999.
About STADA Arzneimittel AG and S.A. Eurogenerics N.V.:
The STADA Group is present in over 30 countries and has, among other
things, production facilities in Germany, Russia, Serbia, Vietnam and
China. In 2011, STADA Arzneimittel AG generated EUR 1.7 billion in sales
and had 7,867 employees worldwide as of June 30, 2012. In addition to
generics, STADA focuses on known branded products such as Grippostad,
Mobilat and Ladival. Eurogenerics is a wholly-owned subsidiary of STADA
Arzneimittel AG. It is the larger of the Group's two Belgian sales
companies, Eurogenerics and S.A. Neocare N.V. In 2011, the STADA Group
generated sales of approximately EUR 140.9 million in Belgium. The
headquarters of Eurogenerics is in Brussels.
For more information, please contact:
STADA Arzneimittel AG
Corporate Communications
D-61118 Bad Vilbel
Tel.: +49(0) 6101 603-165
Fax: +49(0) 6101 603-506
e-mail: communications(at)stada.de
End of Corporate News
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31.01.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: STADA Arzneimittel AG
Stadastraße 2-18
61118 Bad Vilbel
Germany
Phone: +49 (0)6101 603- 113
Fax: +49 (0)6101 603- 506
E-mail: communications(at)stada.de
Internet: www.stada.de
ISIN: DE0007251803, DE0007251845,
WKN: 725180, 725184,
Indices: MDAX
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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