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Stada Raises Sales And Earnings But Admits ‘Tough’ Q2

Organic And Inorganic Moves Drive Growth

 
• By Dean Rudge

Privately-owned Stada provided little insight into the exact mechanics of its operations for the first six months of 2020 but nevertheless said it had enjoyed an “above-market sales and earnings increase.” However, a raft of one-off expenses bit into the German firm’s profitability.

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Stada's group sales as reported increased by 16% to €1.47bn • Source: Shutterstock

Stada welcomed an “above-market sales and earnings increase” in the first half of this year, with the firm’s Generics sales increasing by 12% to €833.4m ($986m), driven by sales increases in major European markets alongside the acquisition of a product portfolio from Switzerland’s Opti Pharm.

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