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FARMACEUTICA REMEDIA SA - RMAH

Preliminary financial results 2020

Release Date: 2/16/2021 6:30:12 PM

IRIS Code: EDD0C

                                              

Current report

according to ASF Regulation no. 5/2018

Report date:

16.02.2021

Name of issuer:

Farmaceutica  REMEDIA S.A.

Registered office:

Deva, no. 2, Nicolae Balcescu Blvd

Tel/ fax no:

+40 254 22 32 60 / +40 254 22 61 97

ORC no:

2115198

Trade Registry no:

J20 / 700 / 1991

Subscribed and paid-in capital:

LEI 10.608.980

Regulated market:

Bucharest Stock Exchange, Standard Category

Important events to report:

RELEASE

 

The Board of Admnistrators of Farmaceutica REMEDIA S.A. informs that the Preliminary Annual Report for 2020 - the full version - is available on its own website http://www.remedia.ro/en/investors-2-2/company-financials/  and and in the link from the IRIS platform, below.

During 01.01.2020 – 31.12.2020, the commercial company Farmaceutica REMEDIA S.A. recorded the following consolidated financial results:

 

Crt.

No.

Indicator

Realisations Jan-Sept 2020 (Lei)

Realisations Jan-Sept 2019 (Lei)

Evlution 2020/2019 (%)

1.

Net sales of goods *

438.804.422

442.937.642

-0,9

2.

Other operating revenues

43.999.086

9.189.616

378,8

3.

Total operating income

482.803.508

452.127.257

6,8

4.

Total operational costs *

439.938.344

448.323.839

-1,9

5.

Operating result

42.865.165

3.803.418

1.027

6.

Financial result

-93.967

-680.485

113,8

7.

Gross result

42.771.198

3.122.933

1.269,6

* Including trade discounts granted/received

 

 The economic - financial indicators on 31.12.2020 are presented in the following table:

LIQUIDITY AND WORKING CAPITAL

Farmaceutica REMEDIA SA

Farmaceutica REMEDIA Distribution & Logistics SRL

Current liquidity                                               (Current assets / Current debts)

9,26

1,03

Current assets

29.376.485

174.917.898

Current debts

3.172.399

169.694.824

Degree of indebtedness                                (Borrowed capital / Equity x 100)

0%

0%

Borrowed capital

0

0

Equity

73.672.543

5.946.114

Turnover speed for client debit items (Average customer balance /turnover *365)

52 zile

111 zile

Average customer balance

9.172.151

125.432.624

Net turnover

63.833.250

411.345.503

Turnover speed of stocks (average stock/ net COGS)*365

55 zile

39 zile

Average stock

7.620.605

41.192.245

COGS net

50.039.120

381.371.761

*including financial leasing

Notes:

1) Current liquidity – the indicator level reflects a good payment capacity, therefore a reduced risk for creditors, certifying that the company is able to cover their short-term debts based on receivables and cash availabilities.

2) Degree of indebtedness expresses the effectiveness of credit risk management, indicating potential financing, liquidity problems, with influences in honouring the assumed commitments. In the case of both companies there is no risk. In the calculation of this indicator, the borrowed capital comprises both bank credits, and financial leasing debts.

3) Turnover speed for client debit items expresses company effectiveness in collecting its receivables, respectively the number of days until the date on which debtors pay their debts to the company. Considering the dynamics of sales and the specific of collecting receivables in the distribution of drugs, we believe that the value of the indicator is normal for the both companies, under the circumstances.

4) The value of the No. of storage Days indicator can be considered as falling within the specifics of the activity.

 

 

Chairman of the Board of Administrators,

 

 

TARUS” – Valentin Norbert TARUS e.U.

 



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Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

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