Alkaloid Skopje : marked 8% growth in consolidated sales

02.11.2017

Alkaloid AD Skopje achieved positive financial results in the period January-September 2017 - shows the unaudited standalone and unaudited consolidated Income Statement.

According to the unaudited standalone Income Statement, in the period January- September the sales reached the amount of MKD 5,143,210,986 - 7% up on the same period last year. Earnings before interest, taxes, depreciation and amortization (EBITDA), which amount to MKD 978,094,733 marked an increase of roughly 9%, whereas the net profit amounting to MKD 565,185,770 rose by 8%.

In the period January - September the total consolidated sales reached MKD 6,646,641,001 - an increase of 8% compared to the same period last year. Consolidated sales in the domestic market increased by 6%, while the total consolidated export of the company increased by 9%. Out of the total consolidated sales, 39% were realized in the domestic market, while the foreign markets account for 61%. The breakdown by region shows that the countries of South-East Europe account for 32% of the sales, Russia and CIS - 7%, 21% of the sales were realized in the countries from Western Europe (EU and EFTA), while the other markets account for 1% of the total consolidated sales. Noticeable rise was seen in Great Britain reaching sales of MKD 172,632,553 - increased by 15 times and Hungary with sales of MKD 23,977,965 - increased by 10 times compared to the same period last year. Growth in sales was also marked in the following export markets: Croatia - 9%, Romania - 69%, Slovenia - 13%, Russia - 5%, Ukraine - 36%, Montenegro - 10% etc.

The breakdown of total consolidated sales by group of products shows that the best sellers are the products from the segment Pharmaceuticals - 84%, with OTC products accounting for 21%, cardiovascular products - 17%, antibiotics - 13%, neurological products - 13% etc. The Chemistry Cosmetics Botanicals segment accounts for 16% of the total consolidated sales, or more precisely Chemistry - 3%, Cosmetics - 10% and Botanicals - 3%.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA), which reached MKD 1,018,511,003 saw an increase of 11%, whereas the net consolidated profit amounting to MKD 553,940,330 went up by 9%.

The total investments in non-current assets for the period January - September 2017 amounted to MKD 518,373,970.

In the period January - September 2017 Alkaloid recruited 92 new employees in the Republic of Macedonia.