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Olainfarm Sells for 9.15 Million in April, Starts Exporting to Mongolia

on May 15, 2015

Preliminary consolidated results of JSC Olainfarm for April 2015 show that the group has made sales worth 9.15 million euros, which represents a reduction by 3% compared to April of last year.  Sales to The Netherlands grew the most, as they increased by 800%.  Sales to Kyrgyzstan increased by 129%.  During April, the group also made significant shipments to Germany and started exporting of final dosage forms to Mongolia. Major sales markets of the group during April were Russia, Latvia, Ukraine, Belarus and The Netherlands.

April 2015, consolidated sales Share in total sales Changes to April 2014
Russia 38% -21%
Latvia 22% 11%
Ukraine 11% -33%
Belarus 8% 8%
The Netherlands 7% 800%
Kazakhstan 2% -11%
Uzbekistan 2% 11%
Germany 1% NA
Kyrgyzstan 1% 129%
Turkmenistan 1% 37%
Other 6% 18%
Total 100% -3%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. in April 2015 was 1.4 million euros, which represents an increase by 11% compared to 2013.  58 pharmacies were during April.  Sales of Silvanols Ltd. in April 2015 was 0.33 million euros, which represents an increase by 22% compared to 2014.  In April Silvanols Ltd. started exporting to Austria and generally was selling its products in six European countries.

During four months of 2015, according to preliminary figures, consolidated sales of JSC Olainfarm were 36.76 million euros, which represents an increase by 12% compared to similar period of 2014.  The most rapid sales growth were achieved in the Netherlands, where sales grew by 203%. Sales to Kyrgyzstan grew by 129%, sales to Tajikistan grew by 88%, but sales to Kazakhstan grew by 58%.  Major sales markets of JSC Olainfarm in four months of 2015 were Russia, Latvia, Ukraine, The Netherlands and Belarus.

4 months of 2015, consolidated sales Share in total sales Changes to 4 months of 2014
Russia 37% 10%
Latvia 21% 9%
Ukrain4 12% -1%
The Netherlands 8% 203%
Belarus 7% -18%
Kazakhstan 2% 58%
UK 2% 0%
Kyrgyzstan 1% 129%
Tajikistan 1% 88%
Uzbekistan 1% -29%
Other 7% 4%
Total 100% 12%

 

In four months of 2015, sales of pharmacy chain of Latvijas aptieka Ltd. was 5.6 million euros, which represents an increase by 10% compared to the same period one year ago.  Sales of Silvanols Ltd. in four months of 2015 were 1.4 million euros, which represents and increase by 24% compared to first four months of 2014, when Silvanols’ sales equaled 1.13 million euros. During first four months of 2015, Silvanols Ltd. was exporting its products to 11 countries in two continents.

According to preliminary unconsolidated sales figures of JSC Olainfarm, sales of the company during April 2015 were 8.08 million euros, which represents a reduction by 4% compared to the same period of 2014. The biggest sales increases were achieved in The Netherlands, where sales grew by 800%.  Sales to Kyrgyzstan grew by 129%, sales to Turkmenistan grew by 37%, and significant shipments were made to Germany and exports started to Mongolia.  Major sales markets of JSC Olainfarm in April 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands.  In total during April 2015, JSC Olainfarm made its sales in 24 countries on three continents.

April 2015, unconsolidated sales Share in total sales Changes to April 2014
Russia 43% -21%
Latvia 13% 26%
Ukraine 12% -33%
Belarus 9% 8%
The Netherlands 7% 800%
Kazakhstan 2% -11%
Uzbekistan 2% 11%
Germany 2% NA
Kyrgyzstan 2% 129%
Turkmenistan 1% 37%
Other 6% 15%
Total 100% -4%

 

According to preliminary results, during 4 months of 2015 unconsolidated sales of JSC Olainfarm has reached 32.6 million euros, which represents an increase by 15% compared to the same period of 2014.  The most rapid sales increases were achieved in The Netherlands, Kyrgyzstan, Tajikistan and Kazakhstan, where sales respectively grew by 203%, 129%, 88% and 58%.  According to preliminary unconsolidated results the major sales markets of JSC Olainfarm in four months of 2015 were Russia, Ukraine, Latvia, The Netherlands and Belarus.  In total in four months of 2015 JSC Olainfarm made sales to 33 countries in 5 continents.

4 months of 2015, unconsolidated sales Share in total sales Changes to 4 months of 2014
Russia 42% 10%
Ukraine 13% -1%
Latvia 13% 38%
The Netherlands 9% 203%
Belarus 8% -18%
Kazakhstan 3% 58%
UK 3% 0%
Kyrgyzstan 1% 129%
Tajikistan 1% 88%
Uzbekistan 1% -29%
Other 6% -6%
Total 100% 15%

 

According to preliminary estimates, the Company expects its unconsolidated sales of 2015 to reach 84 million euro, while its consolidated sales are expected to be at 100 million euro.  Preliminary sales numbers published herein show that in 4 months of 2015 the company has attained 39% of its annual estimate of unconsolidated sales and 37% of its annual estimate of 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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