Farmaceutici Dottor Ciccarelli expands exports

Farmaceutici Dottor Ciccarelli is expanding in international markets, where it aims to triple its current sales turnover by 2019 following growth of 30% in 2016 to almost €3.2 million.

The company sells its products in 70 different countries and intends to increase its export share to 30% of turnover by 2019. For the current year it is planning significant growth in South Korea, Russia, Ukraine, Saudi Arabia, Poland and China, its key market together with South Korea and Greece. The Far East also offers good prospects.

This overseas expansion strategy goes hand in hand with the revival of the two historic brands Pasta del Capitano (60% of total turnover) and Cera di Cupra (30%).

The Milan-based company closed fiscal 2016 with revenues of €30 million and expects to reach €35 million in 2017.