News

March Sales of Olainfarm Increase By 36%

on April 15, 2015

Preliminary consolidated sales results of JSC Olainfarm show that the sales have reached 8.7 million euro, which represents an increase by 36% compared to the same period one year ago.  The biggest sales increases were achieved in The Netherlands, where sales grew by 594%.  Sales to Tajikistan grew by 227%, but sales to Kazakhstan grew by 144%.  Significant shipments have also been made to Papua New Guinea and Turkmenistan. The major sales markets of JSC Olainfarm during March were Russia, Latvia, The Netherlands and Belarus.

March 2015, consolidated sales Share in total sales Changes to March 2014
Russia 31% 29%
Latvia 22% 11%
The Netherlands 13% 594%
Belarus 9% 26%
Ukraine 6% -34%
Kazakhstan 5% 144%
Tajikistan 4% 227%
Papua New Guinea 2% NA
Kyrgyzstan 1% 39%
Turkmenistan 1% NA
Other 6% -17%
Total 100% 36%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. in March 2015 were 1.44 million euro, which represents an increase by 9% compared to the March of 2014.  57 pharmacies were operating during this period.  Sales of Silvanols Ltd. in March 2015 was 0.29 million euros, which represents an increase by 7%, compared to similar period one year ago. During March 2015 Silvanols Ltd. was selling its products in eight European countries.

According to preliminary consolidated results the sales of JSC Olainfarm during the first quarter of 2015 was 27.65 million euro, which represents an increase by 18% compared to the first quarter of 2014.  The most rapid sales increases were achieved in Tajikistan, where sales grew by 173%, The Netherlands, where sales grew by 157%, Kyrgyzstan, where sales grew by 129% and Kazakhstan, where sales grew by 106%.  Major sales markets of JSC Olainfarm during the first quarter of 2015 were Russia, Latvia, Ukraine, The Netherlands and Belarus.

3 months of 2015, consolidated sales Share in total sales Changes to 3 months of 2014
Russia 37% 27%
Latvia 21% 9%
Ukraine 12% 14%
The Netherlands 8% 157%
Belarus 6% -26%
UK 3% 0%
Kazakhstan 2% 106%
Tajikistan 1% 173%
Kyrgyzstan 1% 129%
Lithuania 1% 11%
Other 7% -16%
Total 100% 18%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. during the first quarter of 2015 were 4.22 million euro.  Sales of Silvanols Ltd. during this period were 1.1 million euro, and sales were made to 12 European countries.

According to preliminary unconsolidated sales results of JSC Olainfarm for March 2015, the sales were 7.72 million euro, which represents an increase by 45% compared to the same period one year ago  The biggest sales increases were achieved in The Netherlands, where sales grew by 594%.  Sales to Tajikistan grew by 227%, but sales to Kazakhstan grew by 144%.  Significant shipments during this period were also made to Papua New Guinea and Turkmenistan.  Major sales markets of JSC Olainfarm during March 2015 were Russia, The Netherlands, Latvia, Belarus, Ukraine and Kazakhstan.  In total during Marchs 2015, products of JSC Olainfarm were sold to 24 countries in five continents.

March 2015, unconsolidated sales Share in total sales Changes to March, 2014
Russia 34% 29%
The Netherlands 14% 594%
Latvia 14% 51%
Belarus 10% 26%
Ukraine 7% -34%
Kazakhstan 6% 144%
Tajikistan 5% 227%
Papua New Guinea 2% NA
Kyrgyzstan 1% 39%
Turkmenistan 1% NA
Other 5% -31%
Total 100% 45%

 

According to preliminary unconsolidated sales figures of JSC Olainfarm for three months of 2015, the sales during this period were 24.57 million euro, which represents an increase by 23% compared to the same period one year ago.  The most rapid sales increases were achieved in Tajikistan, The Netherlands, Kyrgyzstan and Kazakhstan, where sales respectively grew by 173%, 157%, 129% and 106%.  According to preliminary unconsolidated sales results, the major sales markets of JSC Olainfarm in three months of 2015 were Russia, Ukraine, Latvia, The Netherlands and Belarus.  In total, during three months of 2015 products of JSC Olainfarm were sold in 31 countries in 5 continents.

3 months of 2015, unconsolidated sales Share in total sales Changes to 3 months of 2104
Russia 41% 27%
Ukraine 14% 14%
Latvia 13% 43%
The Netherlands 9% 157%
Belarus 7% -26%
UK 3% 0%
Kazakhstan 3% 106%
Tajikistan 1% 173%
Kyrgyzstan 1% 129%
Uzbekistan 1% -43%
Other 6% -18%
Total 100% 23%

 

According to preliminary sales target estimates of JSC Olainfarm, unconsolidated sales of the company in 2015 could reach 84 million euros, while consolidated sales could be as high as 100 million euro.  According to these preliminary sales figures, during three months of 2015 the company has attained 29% of annual estimate for unconsolidated sales and 28% of annual estimate 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

 

SigitaMarch Sales of Olainfarm Increase By 36%