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A comparative Analysis of Financial Statements for Zentiva SA and Antibiotice Iasi 1. General presentation Zentiva Zentiva N.V. is an international pharmaceutical company that develops, manufactures and markets modern branded generic pharmaceutical products. It is a market leader in the Czech Republic, Turkey, Romania, Poland, Slovakia and Russia and grows dynamically in Bulgaria, the Ukraine and the Baltic countries. Zentiva SA is part of the Zentiva Group and it had a market share of 16% in volume and 5.7% in value in Romania in 2007. The Romanian branch came into being by taking over the Sicomed company (created as ‘Intreprinderea de Medicamente Bucuresti’ (“IMB”), in 1962). On the 24 th of january 2006 the company changed its name from Sicomed SA to Zentiva SA. The main activity of the company consists in producing and selling various products and medicines for human use. Antibiotice Iasi Having over 50 years of experience in the Romanian industry, Antibiotice Iasi is currently the 9th largest national producer of pharmaceuticals, with a market share of 2,8 % in value (the Cegedim raport - november 2008). Also, Antibiotice Iasi is one of the most important Romanian exporters of medical products, with its products being distributed in over 40 countries. By 2008, the company has realised over 45 international partnerships, and is also planning to continue to expan d to new markets in Europe, the USA, Africa, Asia and the CSI states. 1

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