In the Phillipines, STADA has been active through the sales company Croma Medic Ltd., Manila, since 2001.
In the Philippines, sales decreased in 2010 by 10% applying the exchange rates of the previous year. In euro, sales increased by 1% to EUR 12.2 million (previous year: EUR 12.1 million).
In the Philippines, STADA recorded in the first nine months a decrease in sales of 62% applying the exchange rates of the previous year. In euro, sales decreased – due to expected declining low-margin commercial sales, particularly in the first quarter of 2011 – by 63% to EUR 4.0 million (1-9/2010: EUR 10.9 million).
| 1) | Sales below EUR 0.05 million were rounded to EUR 0.0 million. |