In Montenegro STADA has its own sales company in Podgorica named Hemomont d.o.o..
Sales declined in Montenegro in 2009 by 18% to EUR 6.0 million in 2009 (previous year: EUR 7.3 million). Sales decreased in the first three months of 2010 applying last year’s exchange rates by 10%. In Euro sales decreased by 15% to EUR 1.1 million (1-3/2009: EUR 1.3 million).
| 1) | Sales below EUR 0.05 million were rounded to EUR 0.0 million. |