News

Olainfarm’s sales in November increase by 71%

on December 15, 2011

Preliminary sales results of JSC Olainfarm for November show that sales have increased by 71% compared to the same period a year ago and have reached 3.68 million lats (5.24 million euro). The biggest sales increases were achieved in Bulgaria, where sales increased 24 times, Georgia, where sales increased 17 times, Kazakhstan, where they grew by 194%, Belarus by 122%, Ukraine by 111% and Azerbaijan by 89%. The major sales markets of JSC Olainfarm in November 2011 were Russia, Ukraine, Belarus, Kazakhstan and Latvia. During November 2011 significant shipments were also made to the USA.

November 2011 Share in total sales Changes to November 2010
Russia 39% 46%
Ukraine 29% 111%
Belarus 10% 122%
Kazakhstan 7% 194%
Latvia 5% -6%
USA 2% NA
Bulgaria 2% 2283%
UK 1% -10%
Azerbaijan 1% 89%
Georgia 1% 1569%
Other 3% -19%
Total 100% 71%

Preliminary sales of JSC Olainfarm during 11 months of 2011 were 33.61 million lats (47.82 million euro), which represents an increase by 45% compared to the same period of 2010. The most rapid sales increases were experienced in the Netherlands, where during 11 months of this year sales increased 18 times, Ukraine, where they increased by 139%, Latvia by 35%, Kazakhstan by 32%, Belarus by 25% and The UK, where sales grew by 23%. Major sales markets of JSC Olainfarm during 11 months of 2011 were Russia, Ukraine, Belarus, Latvia and Kazakhstan.

11 months of 2011 Share in total sales Changes to 11 months of 2010
Russia 38% 18%
Ukraine 27% 139%
Belarus 8% 25%
Latvia 6% 35%
Kazakhstan 5% 32%
UK 3% 23%
The Netherlands 2% 1710%
Uzbekistan 1% 21%
Georgia 1% -36%
Lithuania 1% 13%
Other 8% 68%
Total 100% 45%

On November 16, 2011 Management Board of JSC Olainfarm revised sales and profit forecast for 2011, and set the new sales forecast for 2011 at 35 million lats (49.8 million euros), and the new profit forecast at 6.3 million lats (8.96 million euro). According to these preliminary sales figures, during eleven months of 2011 96% of revised annual sales target were met.

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

SigitaOlainfarm’s sales in November increase by 71%