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Eight Months Sales of Olainfarm Increase by 5%

on September 15, 2015

Preliminary consolidated sales figures of JSC Olainfarm for August 2015 show that sales of the company have reached 6.67 million euros, which is nearly the same amount as in August 2014. The biggest sales increases were achieved in India, where sales grew by 766%. Sales to Turkmenistan grew by 204%, sales to The Netherlands by 135%, while sales to Lithuania by 114%. Significant shipments during this period were also made to Uzbekistan. Major sales markets of JSC Olainfarm during August of 2015 were Russia, Latvia, Belarus, Ukraine and The Netherlands.

August 2015, consolidated sales Share in total sales Changes to August 2014
Russia 39% 13%
Latvia 24% 12%
Belarus 13% 18%
Ukraine 5% -72%
The Netherlands 5% 135%
Turkmenistan 3% 204%
Kazakhstan 2% -40%
Uzbekistan 2% NA
India 2% 766%
Lithuania 1% 114%
Other 3% -49%
Total 100% 0%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. during August 2105 were 1.25 million euros, which represents an increase by 10% compared to the same period one year ago. 58 pharmacies were operating during this period. Sales of Silvanols Ltd. during this period were 0.23 million euros, which represents an increase by 64% compared to August 2014. Silvanols Ltd. made its sales in seven European countries.

According to preliminary consolidated figures, sales of JSC Olainfarm in eight months of this year were 64.97 million euros, which represents a 5% increase compared to eight months of 2014. The most rapid sales increase during this period was achieved in The Netherlands, where sales increased by 218%, and in Tajikistan, where sales grew by 70%. Major sales market of JSC Olainfarm in eight months of 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands.

Eight months of 2015, consolidated sales Share in total sales Changes to eight months of 2014
Russia 34% 0%
Latvia 22% 9%
Ukraine 12% -21%
Belarus 7% -7%
The Netherlands 7% 218%
Kazakhstan 3% 17%
UK 2% -9%
Tajikistan 1% 70%
Uzbekistan 1% -15%
Lithuania 1% 19%
Other 9% 17%
Total 100% 5%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. in eight months were 10.8 milion euros, which represents an increase by 11%compared to the same period one year ago. Sales of Silvanols Ltd. in eight months totaled 2.4 million euros, which represents an increase by 26% compared to eight months of 2014, when Silvanols Ltd. made sales worth 1.9 million euros. Silvanols Ltd. made its sales in 12 countries on two continents.

According to preliminary unconsolidated results, sales of JSC Olainfarm in August 2015 were 5.84 million euros, which is an increase by 1% compared to the same period one year ago. The biggest sales increase was achieved in India, where sales increased by 766%. Sales to Lithuania increased by 233%, Sales to Turkmenistan grew by 204%, but sales to The Netherlands grew by 135%. During August 2015, significant shipments were also made to Uzbekistan. Major sales markets of JSC Olainfarm in August 2015 were Russia, Latvia, Belarus, Ukraine and The Netherlands. During August 2015, JSC Olainfarm made sales in 16 countries in Europe, Asia and North America.

August 2015, unconsolidated sales Share in total sales Changes to August 2014
Russia 45% 13%
Latvia 15% 32%
Belarus 15% 18%
Ukraine 6% -72%
The Netherlands 5% 135%
Turkmenistan 3% 204%
Kazakhstan 3% -40%
Uzbekistan 2% NA
India 2% 766%
Lithuania 2% 233%
Other 2% -63%
Total 100% 1%

 

According to preliminary unconsolidated results, sales of JSC Olainfarm in eight months of 2015 were 57.36 million euros, which represents an increase by 7% compared to similar period of 2014. The most rapid sales increase was achieved in The Netherlands, where sales grew by 218%. Sales to Tajikistan grew by 70%, but sales to Latvia grew by 32%. According to preliminary unconsolidated results, the major sales markets of JSC Olainfarm in eight months of 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands. In total during eight months JSC Olainfarm made its sales in 38 countries in Europe, Asia, The Americas and Australia.

Eight months of 2015, unconsolidated results Share in total sales Changes to 8 months of 2014
Russia 39% 0%
Latvia 14% 32%
Ukraine 13% -21%
Belarus 8% -7%
The Netherlands 8% 218%
Kazakhstan 3% 17%
UK 3% -9%
Tajikistan 2% 70%
Uzbekistan 1% -15%
Lithuania 1% 9%
Other 8% 12%
Total 100% 7%

 

Annual General Meeting of shareholders of JSC Olainfarm, held on June 11, 2015 approved operating plan of the company, according to which the unconsolidated sales of the Company in 2015 will reach 87 million euros, while consolidated sales will reach 100 million euro. According to these preliminary sales figures, in eight months of 2015, the Company has attained 66% of annual target for unconsolidated sales and 65% of annual target for consolidated sales.

 

JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with more than 40 years of experience in production of medication and chemical and pharmaceutical products. A basic principle of company’s operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Products made by the Group are being exported to more than 35 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.

 

Information prepared by:

Salvis Lapins
Member of the Board
JSC Olainfarm
Tel: +371 6 7013 717
Cell: +371 2 6448 873
E-mail: slapinsh@olainfarm.lv

 

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