News

Sales of Olainfarm in August Increase by 65%

on September 17, 2012

Preliminary consolidated results of JSC Olainfarm for August show that sales have increased by 65% compared to the same period a year ago and reached 3.88 million lats (5.52 million euro). Biggest sales increases were achieved in Latvia (by 294%), Kyrgyzstan (by 162%), Canada (by 111%), and Russia (by 98%). Major sales markets of JSC Olainfarm in August 2012 were Russia, Latvia, Ukraine and Kazakhstan.

August 2012, consolidated results Share in total sales Changes to August 2011
Russia 46% 98%
Latvia 20% 294%
Ukraine 17% 0%
Kazakhstan 6% 34%
Canada 2% 111%
Belarus 2% 8%
Italy 1% -38%
Taiwan 1% NA
Moldova 1% 27%
Kyrgyzstan 1% 162%
Other 2% -58%
Total 100% 65%

 

In eight months of 2012, preliminary consolidated sales of JSC Olainfarm are 30.55 million lats (43.46 million euro) – which represents an increase by 33%, compared to the same period of 2011. The most rapid sales increases have been achieved inTaiwan where sales grew 8 times,Latvia – 4 times, the UK, where sales grew by 75%, and Georgia where sales grew by 38%. Major sales markets of JSC Olainfarm in eight months of 2012 were Russia, Ukraine, Latvia, Belarus, the UK and Kazakhstan.

8 months of 2012, consolidated results Share in total sales Changes to 8 months of 2011
Russia 37% 25%
Ukraine 20% 5%
Latvia 19% 322%
Belarus 5% -9%
UK 4% 75%
Kazakhstan 4% 8%
Uzbekistan 1% -11%
Taiwan 1% 713%
Lithuania 1% -21%
Georgia 1% 38%
Other 6% -16%
Total 100% 33%

 

Sales of pharmacies owned by JSC Olainfarm in August 2012 were 617 thousand lats (878 thousand euro). In eight months of 2012 sales of pharmacies owned by JSC Olainfarm were 4.5 million lats (6.4 million euro).

According to preliminary unconsolidated results, sales of JSC Olainfarm in August 2012 were 3.36 million lats (4.78 million euro), which represents an increase by 43% compared to this period a year ago. The most rapid sales increases were achieved in Kyrgyzstan (by 162%),Canada (by 111%), as well as Russia (by 98%). In August of 2012 significant shipments were also made toTaiwan. According to unconsolidated results, the major sales markets of JSC Olainfarm in August were Russia, Ukraine, Latvia and Kazakhstan.

August 2012, unconsolidated results Share in total sales Changes to August 2011
Russia 53% 98%
Ukraine 20% 0%
Latvia 8% 33%
Kazakhstan 7% 34%
Canada 3% 111%
Belarus 2% 8%
Italy 2% -38%
Taiwan 2% NA
Moldova 1% 27%
Kyrgyzstan 1% 162%
Other 2% -58%
Total 100% 43%

 

In eight months of 2012, according to preliminary unconsolidated results sales of JSC Olainfarm have reached 26.39 million lats (37.55 million euro) – which is an increase by 15%, compared to the same period in 2011. During eight months of this year the most rapid sales increases were achieved in Taiwan, where sales grew 8 times, the UK by 75%,Georgia by 38%,Latviab y 27% and Russia by 25%. According to preliminary unconsolidated results major sales markets of JSC Olainfarm in eight months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.

8 months of 2012, unconsolidated results Share in total sales Changes to 8 months of 2011
Russia 43% 25%
Ukraine 23% 5%
Latvia 7% 27%
Belarus 6% -9%
UK 5% 75%
Kazakhstan 5% 8%
Uzbekistan 2% -11%
Taiwan 1% 713%
Lithuania 1% -21%
Georgia 1% 38%
Other 7% -16%
Total 100% 15%

 

Sales forecasts of JSC Olainfarm for 2012 provide that unconsolidated sales in 2012 will reach 40 million lats (56.91 million euro), but consolidated sales will reach 48 million lats (68.3 million euro). According to these preliminary unconsolidated sales figures, in eight months of 2012 nearly 66% of annual target for unconsolidated sales and nearly 64% of annual target for consolidated sales have been achieved.

 

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

 

SigitaSales of Olainfarm in August Increase by 65%