Análisis del desempeño económico de las principales distribuidoras farmaceúticas en el ecuador, durante la pandemia COVID 19, periodo 2019- 2020.

Abstract

During the COVID 19 pandemic in the period 2019 - 2020 the Ecuadorian economy was negatively impacted in several economic sectors, however, there was a sector which was economically benefited by this pandemic, that is why the research was conducted on the 6 Analysis of the economic performance of the main pharmaceutical distributors in Ecuador, during the pandemic COVID19, period 2019 - 2020. It was analyzed 4 companies which together made 54% of the income of ISIC G4642.22 "Wholesale of pharmaceutical products including veterinary", these companies are LETERAGO, DIFARE, FARMAENLACE and ECUAQUIMICA, in this research it was observed that LETERAGO, DIFARE and FARMAENLACE had a growth in operating income ranging from 13.03% to 16. 48% and ECUAQUIMICA had a decrease of 0.66%, these variations in operating income impacted the financial situation and economic performance of these companies, the growth of these three caused an increase in investment in net operating working capital as well as the need to requisition operating and commercial personnel resulting in higher payroll expenses and employee benefits. Another of the expenses affected mainly as a consequence of the isolation caused by the pandemic was the promotional, advertising and marketing expenses, which decreased 5% to 35% compared to 2019, these variations caused the companies to obtain a better net result compared to 2019, resulting in a growth in EBITDA from 14% to 97%. The free cash flow of these companies improved from 66.64% to 97.58% compared to 2019 as a consequence of the improvement in the EBITDA indicator, on the other hand ECUAQUIMICA compensated its decrease in operating income with an increase in the gross contribution margin of 0.57% and a reduction in expenses of 2.95% which was the cause of the improvement in the EBITDA indicator, net result and generation of free cash flow compared to 2019