Shares of Naturland Holding have started trading on the Budapest Stock Exchange’s (BSE) Xtend platform. The medium-sized company wants an international expansion.
The pharmaceutical industry is traditionally well represented on the Hungarian stock exchange, but Naturland is the first medium-sized company in this branch. Naturland Holding Nyrt. is responsible for the strategic management of Naturland Magyarország Kft., founded in 1998 and has almost 200 employees in research and development, product approval and production to independent wholesale activities. The company mainly produces medicines and with more than 400 products has generated sales of HUF 4.6-4.7 billion (EUR 10.8-11.1 million) and net profits of HUF 750 million (EUR 1 .7 million).