60m-euro business plan for ADM Farm

Pharmaceutical distributor ADM Farm estimates turnover worth 60 million euros this year, a 50% increase against 2005. “After the first quarter of 2006, we witnessed a 14% growth against the last quarter of last year. This development is due to the improvement in our product offer, to the investments in the sales staff and to efficient routing of areas,” said Dragos Pop, general manager of ADM Farm. The company”s turnover for the first quarter of this year stood at 15 million euros. For this year, company officials set out to surpass the one million-euro-profit mark, after reporting a profit worth 600,000 euros for 2005. ADM Farm owns warehouses in major cities, such as Bucharest, Suceava, Craiova, Cluj, Timisoara, Brasov, Constanta, which provide products for the approximately 3,000 customers. The budgeted figures for this year”s investment plan will also include a sum that will enable ADM Farm to complete the development of its headquarters. “In 2005, ADM Farm started the construction of its new headquarters. We will invest 1.5 million euros for this purpose, and the new headquarters will be located near Bucharest, in the Pantelimon commune (…),” said Dragos Pop. ZF