Protek grows retail sales by 13% in Q3

2011-11-03



A retail division of the Protek Group, a Russian producer, distributor and retailer of pharmaceuticals, brought the company revenues of RUB 3.2bn ($105m) in Q3 2011, a rise of 12.9% year on year. LFL sales went down by 1.2%. In turn, in January-September the division's revenues increased by 17.3% year on year to RUB 9.9bn ($324m).

At the end of September 2011, the Protek's retail store count, which includes Rigla and Bud Zdorovym! pharmacy brands, totaled 663 units. Within the first nine months of the year, the company opened 43 new pharmacies and closed 28.

As Retail Update Russia reported on previous occasions, Rigla retailer launched Bud Zdorov! chain of pharmacy discounters in autumn last year in a process of rebranding already owned pharmacies, but which operated under local brands. In July-September 2011, Protek grew the store count of Bud Zdorov! pharmacies from 77 to 94 outlets. The share of Bud Zdorov! stores in the Protek's total retail revenue comprised of 10.3%.

Overall, Protek reported revenues of RUB 27.28bn ($906.24m) in Q3 2011, a growth of 3.4% year on year. In January-September 2011, the company sales increased by 4.1% year on year to RUB 74.79bn ($2.5bn).