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At its session held on December 27th 2013, the Managing Board of Alkaloid AD Skopje adopted the business plan of the company for 2014.

The Business Plan is based on the following:

• realistic expectations, projections and opportunities of the current and new markets and products;

• risk management policies;

• increasing the efficiency of company resources.

The business plan anticipates continuous investments in human resources, investment of around 8.8% of the consolidated sales in tangible and intangible assets from own sources, a growth in consolidated sales of at least 5% compared to the expected for 2013, as well as a growth in pre-tax consolidated profit of at least 5% in comparison with the expected for 2013.

It is expected that the domestic market will account for 41% of the consolidated sales, whereas 59% will come from exports.

The breakdown by Profit Centres anticipates that the PC Pharmaceuticals will account for 83.5% of the consolidated sales, while PC Chemistry, Cosmetics and Botanicals 16.5%.