Currency Headwinds Hold Back Recordati OTC In Q1

Headwinds for the Russian ruble and Turkish lira held back growth at Recordati's OTC business in the first quarter of 2024.

• Source: Shutterstock

A strong quarter for cough and cold products was held back by unfavorable exchange rates leaving Recordati Industria Chimica & Farmaceutica SPA’s OTC sales slightly down in the opening three months of 2024.

The Milan, Italy-based company reported OTC turnover 0.2% lower at €95.3m ($104m) in the first quarter as it felt the...

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