In Bulgaria, sales increased by 4% in local currency or by 4% in euro to EUR 6.1 million in 2009 (previous year: EUR 5.9 million). The main reason for the increase in sales was the start of an own national STADA sales company, STADA PHARMA Bulgaria EOOD in Sofia, in the first quarter of 2009.1)
Sales decreased in the first three months of 2010 applying last year’s exchange rates by 22%. In Euro sales decreased by 26% to EUR 1.3 million (1-3/2009: EUR 1.8 million).
| 1) | Currently not consolidated. |