News

In April Olainfarm Sells Products Worth 3.22 Million

on May 15, 2012

Preliminary consolidated sales results of JSC Olainfarm for April 2012 show that sales reached 3.22 million lats (4.58 million euros), which represents a decrease by 5% compared to the same period last year. Sales in Latvia have increased by 374%, significant shipments were also made to Uzbekistan, Switzerland and the USA. Major sales markets of JSC Olainfarm during April 2012 were Russia, Latvia, Ukraine, UK, Belarus, Kazakhstan and Uzbekistan.

April 2012, consolidated results Changes to April 2011 Share in total sales
Russia -18% 32%
Latvia 374% 21%
Ukraine -47% 12%
UK 0% 12%
Belarus -4% 6%
Kazakhstan -51% 4%
Uzbekistan NA 3%
Lithuania -6% 2%
Switzerland NA 1%
USA NA 1%
Other -52% 5%
Total -5% 100%

 

According to the preliminary results, during four months of 2012 consolidated sales of JSC Olainfarm were 15.25 million lats (21.70 million euros) – which represents an increase by 32%, compared to the same period of 2011. The most rapid sales increases were achieved to the USA, where sales increased 344 times, Taiwan, where sales increased 13 times, and Latvia, where sales increased more than fourfold. Major sales markets of JSC Olainfarm during this period were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.

4 months of 2012, consolidated results Changes to 4 months of 2011 Share in total sales
Russia 23% 36%
Ukraine 40% 21%
Latvia 329% 19%
Belarus -34% 6%
UK 0% 5%
Kazakhstan 10% 4%
Uzbekistan 4% 1%
Taiwan 1280% 1%
USA 34367% 1%
Lithuania -28% 1%
Other -29% 6%
Total 32% 100%

 

Sales of chain of pharmacies owned by JSC Olainfarm during April 2012 were 0.52 million lats (0.74 million euros). In four months of 2012, sales of pharmacies owned by JSC Olainfarm were 2.12 million lats (3.02 million euros).

According to preliminary unconsolidated results sales of JSC Olainfarm in April 2012 were 2.71 million lats (3.87 million euros), which represents a decrease by 19% compared to the same period one year ago. Significant sales increase was achieved in Latvia, whjere sales grew by 28%. The major sales markets of JSC Olainfarm in April were Russia, Ukraine, UK, Belarus, Latvia, Kazakhstan and Uzbekistan.

April 2012, unconsolidated results

Changes to April 2011

Share in total sales

Russia -18% 38%
Ukraine -47% 14%
UK 0% 14%
Belarus -4% 7%
Latvia 28% 7%
Kazakhstan -51% 5%
Uzbekistan NA 4%
Lithuania -6% 2%
Switzerland NA 2%
USA NA 1%
Other -52% 6%
Total -19% 100%

 

According to preliminary unconsolidated sales figures for four months of 2012, sales of JSC Olainfarm were 13.2 million lats (18.78 million euros), which represents an increase by 14% compared to the respective period of 2011. The most rapid sales increases were achieved to the USA, where sales increased 344 times, Taiwan, where sales increased 13 times. Major sales markets of JSC Olainfarm during four months of 2012 were Russia, Ukraine, Belarus, Latvia, UK and Kazakhstan.

4 months of 2012, unconsolidated results

Changes to 4 months of 2011

Share in total sales

Russia 23% 41%
Ukraine 40% 24%
Belarus -34% 6%
Latvia 24% 6%
UK 0% 6%
Kazakhstan 10% 4%
Uzbekistan 4% 2%
Taiwan 1280% 1%
USA 34367% 1%
Lithuania -28% 1%
Other -29% 7%
Total 14% 100%

 

Sales forecasts of JSC Olainfarm for 2012 provide that unconsolidated sales of the company will reach 40 million lats (56.91 million euro), while consolidated sales will reach 47 million lats (66.9 million euro) According to these preliminary unconsolidated sales figures, during four months of 2012, 33% of annual target for unconsolidated sales are reached. According to the preliminary consolidated figures, during four months 32% of annual target for consolidated sales are reached.

 

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

 

SigitaIn April Olainfarm Sells Products Worth 3.22 Million