Financial Structure, Profitability and Productivity in the Romanian Pharmaceutical Industry: A 2020–2024 Analysis

Maria Zenovia Grigore () and Carmen-Maria Negoiță ()
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Maria Zenovia Grigore: Faculty of Economics and Business Administration, „Nicolae Titulescu” University from Bucharest Calea Văcăreşti, Nr. 185, Sector 4, Bucureşti, cod 040051 ROMANIA
Carmen-Maria Negoiță: Faculty of Economics and Business Administration, „Nicolae Titulescu” University from Bucharest Calea Văcăreşti, Nr. 185, Sector 4, Bucureşti, cod 040051 ROMANIA

Global Economic Observer, 2026, vol. 14, issue 1, 63-70

Abstract: The pharmaceutical manufacturing sector is one of the most stable and high-performing sectors of the Romanian economy. This study analyzes the evolution of the financial performance of companies classified under NACE code 2120 (Manufacture of pharmaceutical preparations) for the period 2020–2024. To this end, key financial performance indicators are examined, such as revenue, debt-to-equity ratio, return rates, and labor productivity. The results highlight a constant increase in revenue and net profit, the consolidation of equity, and improved operational efficiency. Ratios of profitability (ROA, ROE, ROS) show an upward trend, and labor productivity confirms the increasingly efficient allocation of resources. The paper provides an integrated perspective on the performance of the pharmaceutical sector during the 2020–2024 period.

Keywords: pharmaceutical industry, financial performance; profitability; rate of return; labor productivity (search for similar items in EconPapers)
JEL-codes: G30 L65 M21 O14 (search for similar items in EconPapers)
Date: 2026-06
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol14-iss1-63-70

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