Farmexpert to merge branches and use hedging as protection to foreign exchange risk - Azi

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Pharmaceuticals distributor Farmexpert, one of the main players in its industry, has secured part of its cash flow this year by using bank hedging, with the value of the contracts to stand at 20 million euros."We are not looking to get any special profit from hedging, as this is an additional cost to have some protection against the potential depreciation of the RON," said Octavian Iacob, chief executive of Farmexpert DCI.

The distribution of pharmaceuticals has had its profits badly hit since...

Read the whole story in: Ziarul Financiar