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Novinky

24.04.2020

Orifarm Group oznamuje podepsání akviziční smlouvy v hodnotě několika milionů eur se společností Takeda

Orifarm Group („Orifarm“), jedna z předních farmaceutických společností v severských zemích, uzavřela smlouvu na nákup portfolia vybraných volně prodejných farmaceutických výrobků a farmaceutických výrobků na předpis, které v Evropě prodává Takeda Pharmaceutical Company Limited („Takeda“) za nákupní cenu až 615 milio

Tisková zpráva

Orifarm Group („Orifarm“), jedna z předních farmaceutických společností v severských zemích, uzavřela smlouvu na nákup portfolia vybraných volně prodejných farmaceutických výrobků a farmaceutických výrobků na předpis, které v Evropě prodává Takeda Pharmaceutical Company Limited („Takeda“) za nákupní cenu až 615 milio

Tisková zpráva

20.03.2020

Orifarm Group A/S with new record-breaking result

The Odense based pharmaceutical company Orifarm is presenting a new record-breaking annual report with the highest turnover and earnings in the company’s 25-year history.

Read the press release here

 

The Odense based pharmaceutical company Orifarm is presenting a new record-breaking annual report with the highest turnover and earnings in the company’s 25-year history.

In 2019, the turnover of the Orifarm Group reached MEUR 982. An 18% increase compared to the record-breaking year 2018. Profit before tax in 2019 reached MEUR 45.4 corresponding to a rise of 30% compared to the previous record from the financial year 2018.

The progress in 2019 is mainly attributable to a strong sales growth of parallel imported pharmaceuticals at the German market, which is also Orifarm’s largest market. Orifarm increased its market share and generated both higher turnover and earnings. Also generic pharmaceuticals showed progress where in particular the Norwegian market grew.

For Orifarm’s CEO Erik Sandberg the result is more than approved.

- We have all worked hard and been careful not to rest on the laurels from last year’s result, and I am proud of the result we have achieved as a team. In addition to the awesome result we have also implemented a number of digitalization projects in our operation, which will make us even more competitive in the future. A future, of which we have high hopes. 

Targets of continued growth

Orifarm Group has ambitions to continue the growth in the next few years. There is still a lot of potential within the two existing business areas, parallel imported pharmaceuticals and sale of generic pharmaceuticals. All in all, Orifarm has sold more than 26 million boxes of medicine in 2019. This entails another record for Orifarm.

In 2019, operating income increased by MEUR 7.8 to MEUR 48.1.

The parallel import business has not only increased the turnover in Germany, but also in Finland, Austria, and United Kingdom. However, the exchange rates in especially United Kingdom and Sweden have affected the earnings unfavorable.

The sale of generic pharmaceuticals in the Nordic countries has also been in clear progress in 2019, where turnover has increased with nearly 8%. 

Acquisition – a part of the growth strategy

Contemporary with the growth of the present business, Orifarm Group acquired the London based company Pilatus Comparator Solutions during summer 2019. Pilatus adds new business areas like comparator sourcing and unlicensed medicines to Orifarm Group.

- The acquisition of Pilatus is an example of the fact, that we keep a close eye on possible acquisitions which have synergies in terms of our present business areas. Pilatus has added some new activities, which we are about to develop and which we can infuse with a lot of muscle work with our comprehensive experience in parallel import, says Orifarm’s CEO Erik Sandberg. 

Outlook for 2020

Orifarm Group’s target is a minor growth in revenue in 2020 and retention of earnings at 2019 level. 

For further information, please contact:

Communication Manager, Andreas Lykke Sognstrup, tel. +45 3012 2351
CEO, Orifarm Group A/S, Erik Sandberg, tel. +45 2265 0121 

Key ratio – Orifarm Group (in MEUR)

 

2019

2018

  2017

2016

Revenue

982

833

797

726

Gross profit

150

131

120

109

Operating income excl. non-recurring items

48

40

34

32

Net financials

-2

-3

-5

-8

Profit before tax

45

35

29

16



Facts about Orifarm Group
Orifarm Group is the largest supplier of parallel imported pharmaceuticals in Europe and one of the largest suppliers of pharmaceuticals in Denmark. The Group is engaged in parallel import of medicines from the EU/EEA which are sold to Denmark, Norway, Sweden, Finland, Germany, The Netherlands, Austria, United Kingdom, and Belgium.

In addition to this, the Group is engaged in the sale of generic pharmaceuticals in the Nordic countries. A generic pharmaceuticals contain the same effects as the original pharmaceutical. However, the effect is no longer subject to patent and therefore the generic pharmaceutical can be produced and marketed at a lower price than the corresponding original pharmaceutical.

Orifarm Group has its headquarters in Odense and the entire Group employs close to 1,200 people today, of which around 360 in Odense.

29.05.2019

Orifarm presents best result ever

For Orifarm, 2018 was a fantastic year. In fact, the best in the company's nearly 25-year history. Every day, the employees work hard to challenge the pharmaceutical market to provide cheaper pharmaceuticals to millions of consumers in Europe. And the employees do it well. In 2018, Orifarm Group sold more than 25 million products - or approx. 7% more products than in 2017, and this has resulted in record turnover and earnings.

 

For Orifarm, 2018 was a fantastic year. In fact, the best in the company's nearly 25-year history. Every day, the employees work hard to challenge the pharmaceutical market to provide cheaper pharmaceuticals to millions of consumers in Europe. And the employees do it well. In 2018, Orifarm Group sold more than 25 million products - or approx. 7% more products than in 2017, and this has resulted in record turnover and earnings.

This week, Orifarm Group releases its 2018 Annual Report and the result beats all former company records. The Group's revenue increased by 4.7 % in 2018 to MEUR 833. Operating income excl. non-recurring items increased by MEUR 6.5 to MEUR 40.3, and earnings before tax increased to  record high MEUR 34.9. A very satisfactory result for the Group, which also exceeds the expectations.

Erik Sandberg, who officially took over as CEO in January 2019, says:

“In many ways, 2018 has been a fantastic year for us. A year where we have met lots of challenges in the markets, and where we have been through a major reorganization internally. Nevertheless, we have succeeded in creating great results for the Group together. It proves our willingness and ability to make a difference - for consumers, society and the company. All employees can be proud of what we achieved together in 2018, as it would not have happened without them.”

More consumers have bought Orifarm's products

The Group's financial growth was especially generated in the parallel import business, which repackages and sells pharmaceutical products within the EU / EEA. The parallel import business sold 11 % more products in 2018 compared to 2017, which led to growth in both revenue and earnings in 2018.

The 2018 revenue from parallel imported products totalled MEUR 756. This is an increase of 4.9 % compared to 2017. The result of main activities excl. non-recurring items increased by MEUR 8.0 to MEUR 34.2.

In spite of intense competition in 2018, Orifarm succeeded in generating great results in Germany, which is the Group's largest market, as well as in Denmark, the Netherlands and Austria.

In Sweden, the Group's earnings has been under pressure due to the Swedish currency exchange rate, but Orifarm maintained its position at the Swedish market. The parallel import business sold more products in the UK in 2018 compared to the previous year, but the weak British currency puts pressure on the profit.

The Group's other business area, the generic pharmaceuticals, had a difficult year with stagnation in revenue and decreasing income. Nevertheless, the generic pharmaceuticals sold 4 % more products in 2018 compared to the year before.

Challenging market conditions and challenges in maintaining a stable supply of few, and normally well performing products, put pressure on the Group's revenue and earnings from the generic products.

Operating income fell by MEUR 2.6 to MEUR 9.7, however, it was possible to maintain revenue at the same level as in 2017 (MEUR 9.7).

“We have done well in 2018 in difficult conditions, and we have the ambition and the belief in being able to continue growth and a positive development for Orifarm. But we are also realistic and 2019 will be at least as challenging as 2018, characterized by strong competition at all Orifarm's markets. But we have so many skilled employees who drive Orifarm forward. Therefore, I am confident that together we can meet the common goals for 2019,” says Erik Sandberg, CEO at Orifarm Group.

Expectations for 2019

For 2019, Orifarm Group has a target of revenue growth in the range of 3-6 % and an operating income at 2018 level. 

For more information, please contact:

Communication Manager, Andreas Lykke Sognstrup, tel. +45 3012 2351

CEO, Orifarm Group A/S, Erik Sandberg, tel. +45 2265 0121

 

Key figures, Orifarm Group (in MEUR)

 

  2018

2017

2016

2015

Net turnover

833

797

726

759

Gross result

131

120

109

97

Result of main activities excl. non-recurring items

40

34

32

23

Result of financial items

-4

-5

-8

-9

Result before tax

35

29

16

12

 

Facts about Orifarm Group

Orifarm Group is the largest parallel importer of pharmaceuticals in Europe and one of the largest suppliers of pharmaceuticals in Denmark. The Group comprises a number of companies engaged in import, production, re-packaging, distribution, registration and sales of pharmaceuticals. The Group is engaged in parallel importing of pharmaceuticals from EU countries, which are sold in Denmark, Norway, Sweden, Finland, Germany, Holland, Austria and the United Kingdom.

Additionally, the Group is engaged in the sales of generic pharmaceuticals in the Nordics. A generic product contains the same active ingredients as the original product. The active ingredients are, however, no longer patented, and the generic drug can therefore be produced and sold at a lower price than the original.

The Orifarm Group headquarters are in Odense, Denmark. The Group employs approximately 1.200 people.

18.05.2018

Record-breaking result from Orifarm Group

Orifarm Group manages to provide cheaper pharmaceuticals to millions of consumers in Europe while earning money to invest in future activities. Despite fierce competition, Orifarm closes its fiscal year 2017 with an annual result showing 10 percent growth in net turnover and the second best earnings in the history of the company.

Orifarm Group manages to provide cheaper pharmaceuticals to millions of consumers in Europe while earning money to invest in future activities. Despite fierce competition, Orifarm closes its fiscal year 2017 with an annual result showing 10 percent growth in net turnover and the second best earnings in the history of the company.

This week Orifarm Group presents the financial statement of 2017 and the Danish-owned pharmaceutical company continues to do well. The Group's net turnover increased by 10 percent to EUR 797 million in 2017, the result of main activities rose to EUR 34 million and the result before tax increased to EUR 29 million.

 


Lower priced parallel imported products are the main driver

The improved Orifarm Group results are in particular due to the parallel import business handled by Orifarm Parallel Import. The business division showed a positive development and reasonable results throughout mature as well as new markets. Orifarm Parallel Import, which repackages and sells pharmaceuticals within the EU - and constitutes the largest of the two business areas - accounts for a net turnover of EUR 720 million. This is an increase in net turnover of 11 percent when compared to 2016. Results of main activities excl. non-recurring items rose by EUR 4.2 million to EUR 26.2 million.

Generic products, which are the Group's second business area and handled by Orifarm Generics, completed 2017 with a slight decline in net turnover as well as earnings. Net turnover for 2017 ended at EUR 77 million, which represents a decrease of EUR 2 million when compared to 2016. Results of main activities excl. non-recurring items decreased by EUR 2 million to EUR 12.3 million. The 2017 results follow several years of strong growth in Orifarm Generics, and Orifarm Group is now investing significantly to ensure future growth in the business area.

President and CEO Hans Bøgh-Sørensen is very satisfied with the 2017 Group result:

"In 2017, the parallel import business has performed very well. It is an area of fierce competition among many companies. Consequently, it requires a dedicated and focused organization with ambitious employees who understand how to make a good deal on behalf of society, consumers and Orifarm”, he says, continuing: "our mission is to challenge the pharmaceutical market to ensure a ‘better deal’ for all and, of course, I am happy to see when we succeed in doing this."

Especially Germany, Orifarm's largest single market for parallel imported products, has contributed significantly to the excellent result, despite the intense competition and the same applies to Denmark. Orifarm is also successful in gaining ground in the new markets. In particular, the Netherlands and Austria contributed positively to the results in 2017.


Orifarm Group invests further in generic products

After several years of great success and significant growth within generic products, 2017 became a more even year for Orifarm Generics. Orifarm Generics performed well during the first half of 2017 in Denmark and Sweden, but faced fierce price competition in the second half of 2017 in both countries. However, the management of Orifarm Group remains fully confident that the generic business also has an important role to play in the future. Hans Bøgh-Sørensen elaborates:

"We are convinced that also in the future we can make a big difference for consumers within generics - both in Denmark and in other markets as well. Therefore, the Group is investing heavily in Orifarm Generics' future growth, for instance in an extension of the laboratory at the location in Skælskør, Denmark. In Skælskør, employees work hard to develop new products, which we then produce and sell at favorable prices."

The location in Skælskør houses Viminco, which employs approximately 100 employees. Orifarm Group aquired Viminco in 2015 as part of an increased strategic focus on retail medicine and niche products.


Synergies support future growth

Orifarm is an ambitious company that strives to achieve even better results. In order to ensure the right foundation for future growth, Orifarm has just begun restructuring the company. Hans Bøgh-Sørensen says:

We see many changes in Orifarm´s environment these years and our business is developing rapidly. As responsible managers, we must always ensure that the company and the employees are well equipped to meet the challenges of the future. Therefore, we have just decided to break down the silos internally and merge the two business areas to a higher degree than we have had so far. In this way, we expect to benefit from the many synergies that exist across the two business areas, thus creating a solid foundation for further growth in the Group."

Orifarm Group expects activity and results for 2018 to be at same level as 2017.
 

For more information, please contact:

Deputy CEO, Orifarm Group A/S, Erik Sandberg at +45 22 65 01 21.
Corporate Communications at +45 22 65 01 22.


2017 financial highlights

Key figures, Orifarm Group (in MEUR)

 

2017

2016

2015

2014

Net turnover

797

726

759

755

Gross result

120

109

97

91

Result of main activities excl. non-recurring items

34

32

23

16

Result of financial items

-5

-8

-9

-8

Result before tax

29

16

12

9

 

Facts about Orifarm Group

Orifarm Group is the largest parallel importer of pharmaceuticals in Europe and the largest supplier of pharmaceuticals in Denmark. The Group comprises a number of companies engaged in import, production, re-packaging, distribution, registration and sales of pharmaceuticals. The Group is engaged in parallel importing of pharmaceuticals from EU countries, which are sold in Denmark, Norway, Sweden, Finland, Germany, Holland, Austria and the United Kingdom. Additionally, the Group is engaged in the sales of generic pharmaceuticals in the Nordics. A generic product contains the same active ingredients as the original product. The active ingredients are, however, no longer patented, and the generic drug can therefore be produced and sold at a lower price than the original.

The Orifarm Group headquarters are in Odense, Denmark. The Group employs approximately 1.100 employees.

19.09.2020

Progress continues at Orifarm

Orifarm Group continues its progress of recent years. The annual result shows growth in both top and bottom line, and this trend is partly due to successful acquisitions and significant growth in the sales of generic pharmaceuticals.

Orifarm Group continues its progress of recent years. The annual result shows growth in both top and bottom line, and this trend is partly due to successful acquisitions and significant growth in the sales of generic pharmaceuticals.

Denmark’s largest supplier of pharmaceuticals, Orifarm, continues the positive trend that has characterized the last years of the group.

Orifarm ended the financial year 2015 with a profit before tax of 11.5m EUR. An increase of 32% compared to the results from 2014 of 8.7m EUR.  At the same time, the Group achieved a slight increase in revenue to 759m EUR.

Particularly the area of generic pharmaceuticals, Orifarm Generics, presents significantly improved earnings in 2015 with an increase of 2.6m EUR (+ 51%) compared to 2014.

The increase in own-produced pharmaceuticals is partly due to a successful acquisition of Growth House Holding A/S, which develops, produces and sells pharmaceuticals. Additionally, the company sees continued growth in the Nordic region with increased sales of both prescription and non-prescription drugs.

“It is extremely satisfying that we continue the significant progress during 2015. In particular, the acquisition of Growth House Holding A/S has been strategically important compared to the growth journey that Orifarm Generics is currently on. Moreover, our development, production and sale of own-produced products has been strengthened”, says Ulrik Ernst Rasmussen, Managing Director of Orifarm Generics.

In the area for parallel importation of pharmaceutical drugs from EU/EEA countries, Orifarm Parallel Import also continues Orifarm’s overall positive trends, and here the group’s largest revenue still remains.

The year 2015’s profit, however, was affected negatively by the development in the Swedish currency as well as increased competition in the German market. But due to a reduction of the cost level, Orifarm Parallel Import still managed to create growth in the EBITDA of 4.2m EUR compared to 2014. At the same time Orifarm has entered into the UK market, the second largest market for parallel imported pharmaceuticals in Europe.

“I am very pleased that Orifarm continues the positive trend and presents a good result for 2015.

This year has been subject to challenges on the markets in i.e. Sweden and Germany, but at the same time we have succeeded in entering the large UK market. This development is to a large extent the result of the employees' great efforts”, says Erik Sandberg, Managing Director of Orifarm Parallel Import, adding that strategic optimization, management of inventory and cost savings also contributed positively to the financial statement.

Orifarm Group expects improved financial statements in 2016 compared to 2015 and growth in the financial statements for both Orifarm Generics and Orifarm Parallel Import.

Orifarm Group is headquartered in Odense, Denmark and employs around 1,100 employees.

For further information please contact: 
CEO Orifarm Group A/S Hans Bøgh-Sørensen, phone +45 29 74 27 10

CEO Orifarm PI A/S Erik Sandberg, phone +45 22 65 01 21

CEO Orifarm Generics A/S Ulrik Ernst Rasmussen, phone +45 22 65 01 91

Key figures (MEUR)

 

2015

2014

2013

2012

Revenue

759

755

727

667

Gross result

97

91

96

93

Result of main activities excl. re-structuring

23

16

16

11

Result of financial items

-9

-8

-8

-12

Result before tax

12

9

8

-1

Facts about Orifarm

Orifarm Group is the largest parallel importer of pharmaceuticals and the largest supplier of pharmaceuticals in Denmark. The Group comprises a number of companies engaged in the import, production, re-packaging, distribution, registration and sale of pharmaceuticals in Scandinavia, Germany, Holland, Czech Republic and United Kingdom. The Group’s main business is parallel importing of pharmaceuticals from EU/EEA countires, which are sold in Denmark, Norway, Sweden, Finland, Holland, Germany and United Kingdom. Additionally, the group is engaged in the sales of generic pharmaceuticals in Scandinavia. A generic drug contains the same active ingredients as the original drug. The active ingredients are, however, no longer patented, and therefore the generic drug can be produced and sold at a lower price than the original.

06.07.2015

Orifarm Generics has acquired Alternova, Viminco and Pilum Pharma

Orifarm Generics, subsidiary company of Orifarm Group, has acquired Growth House Holding including the companies Alternova, Viminco and Pilum Pharma, which develop, manufacture and sell generic pharmaceutical products in the Nordic countries.

Orifarm Generics, subsidiary company of Orifarm Group, has acquired Growth House Holding including the companies Alternova, Viminco and Pilum Pharma, which develop, manufacture and sell generic pharmaceutical products in the Nordic countries. By acquiring the Growth House companies, which in total employ around 100 people, Orifarm Generics has taken an important strategical step on the road to accelerating an exciting growth journey.

The acquisition of the Growth House companies demonstrates Orifarm Group’s ambition to grow in the Nordic market for generic pharmaceutical products. It is two successful pharmaceutical companies that now merge and both parties are looking forward to the cooperation.

Viminco, which is part of Growth House, has their own production and laboratory, which Orifarm Generics has not had until now and thus, the acquisition increases the company’s capabilities.

"All in all this is a good match that will complement and strengthen our business, where we prospectively will focus heavily on in-house development of pharmaceutical products. In the second half of 2014 we launched our first own developed product, which immediately became a success and another was launched in May this year. This acquisition will boost our continued development within this field and we are confident for the years to come, where we expect to further expand our business", says Ulrik Rasmussen, CEO Orifarm Generics.

Recently, Orifarm Group presented their financial statement demonstrating solid growth, especially within sales of generic pharmaceuticals. The acquisition thus marks an important step in the efforts to fulfilling the ambitions to strengthen the group's generics business.

"Our product portfolios complement each other very well and Growth House has an exciting pipeline that we will now get access to. We have great expectations that this new unit will consolidate our position as an important player in the Nordic market for generic pharmaceuticals", Ulrik Rasmussen continues.

Growth House has gone through a very exciting development over the past years and they have been looking for new investors to help achieve the continued growth ambitions of the company.

"We already have a close and appreciated working relationship as we have been producing one of Orifarm’s products. We therefore see it as the right decision to sell to Orifarm and we are confident that the success we have had until now, will continue on new hands", says Rolf Eckersberg, CEO Viminco.
Orifarm Group with headquarters in Odense employs around 1,000 people.

Further information, please contact:

CEO Orifarm Generics A/S Ulrik Ernst Rasmussen: +45 22 65 01 91

Facts about Orifarm 

Orifarm Group is Europe’s largest parallel importer of pharmaceuticals and the largest supplier of pharmaceutical products in Denmark. The group includes a number of companies specialized in import, manufacturing, re-packing, distribution, registration and sales of pharmaceutical products in Nordic, Germany, Holland, The Czech Republic and Switzerland. The Group’s main activities are parallel import of pharmaceutical products from EU/EEA-countries, which are sold in Denmark, Norway, Sweden, Finland, Holland and Germany. Furthermore the Group specializes in sales of generic pharmaceutical products in the Nordics. Generic pharmaceutical products contain the same active ingredient as an original product. The active ingredient, however, is no longer patented and may therefore be produced and sold to a lower price than the similar original product.

Facts about Growth House 

Growth House includes the companies Alternova, Pilum Pharma and Vimenco. It is a pharmaceutical company that develops, manufactures and sells its own generic pharmaceutical products in the Nordic countries. Vimenco is located in Skælskør and owns development-, laboratory- and production facilities. They employ 80 people. Alternova and Pilum Pharma represent the market related part of the company with offices in Nyborg and a total of 20 people.

27.05.2015

Annual Report 2014: Progress continues for Orifarm

Denmark's biggest supplier of pharmaceuticals, Orifarm Group, continues its positive development. The annual results for 2014 shows an increase in revenue and an improved operating result, not least due to a significant improvement in the business area of generic medications.

Denmark's biggest supplier of pharmaceuticals, Orifarm Group, continues its positive development. The annual results for 2014 shows an increase in revenue and an improved operating result, not least due to a significant improvement in the business area of generic medications.

Orifarm Group is the largest parallel importer of pharmaceuticals in Europe and the largest supplier of pharmaceutical products in Denmark. The company has in recent years shown improvement and the positive trends continue in the financial statements for 2014.

It shows an increase in revenue of 4% and an improvement in profit before tax by DKK 8 million. It is first and foremost the strategic initiatives and adjustments which were launched in 2012/2013, which now appears on the company's top and bottom line.

Overall, net sales increased from EUR 724 million in 2013 to EUR 750 million in 2014.
Operating profit increased by EUR 0.4 million to EUR 1.63 million. The total profits before tax is EUR 8.7 million, which is an increase of EUR 1.07 million compared to 2013.


For more information please contact:
CEO Orifarm Group A/S, Hans Bøgh-Sørensen, + 45 29 74 27 10
CEO Orifarm PI A/S, Erik Sandberg, +45 22 65 01 21
CEO Orifarm Generics A/S, Ulrik Ernst Rasmussen, +45 22 65 01 91

 

Download annual report

01.03.2014

Change of ERP systems by 1st of March: Pharma Westen is now Orifarm

From 1st March 2014 Pharma Westen operates under the name of Orifarm GmbH. As part of the renaming, the ERP-systems were changed. Pharmaceuticals can now be ordered under the new name Orifarm (abbreviation: ORI). 

From 1st March 2014 Pharma Westen operates under the name of Orifarm GmbH. As part of the renaming, the ERP-systems were changed. Pharmaceuticals can now be ordered under the new name Orifarm (abbreviation: ORI).

Since the end of 2005 the company has been part of the Danish Orifarm – the leading international parallel importer of pharmaceuticals in Europe. By working closely with the parent company, the German Orifarm makes intensified use of internationally proven processes. Managing Director Ansgar Eschkötter points out: "The renaming stands for an even closer cooperation and exchange of experience with our Danish parent company. It is important for us to do so, in order to get even better in Germany and to be able to offer the best possible service to our customers."

Currently, the range of pharmaceuticals of the parallel importer consists of around 800 products for various indications, from which most are prescription pharmaceuticals as well as OTC and diagnostics. The company is also one the few German parallel importers selling narcotics. In terms of quality and safety the same strict guidelines apply to an importer as to the manufacturer of the original products. Patient safety is a top priority for the parallel importer.

You will find further information about the import of pharmaceuticals here.

Tiskové materiály

Tisk obrázků je zdarma - jako zdroj prosím uveďte "Orifarm A/S". Fotografie vedení a dvojice zakladatelů jsou k dispozici na vyžádání. Kontaktujte nás prosím na adrese cerff@bevsnez.pbz