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Sales of Olainfarm in December Reaches 4.45 million lats

on January 15, 2014

According to preliminary sales results of JSC Olainfarm for December 2013, sales of the company have reached 4.45 million lats (6.33 million euro), which is a reduction by 20% compared to the same period one year ago. The major sales increases were achieved in Uzbekistan, where sales grew by 81%, sales to Kyrgyzstan grew by 79%, and sales to Kazakhstan grew by 69%.  Major sales markets of JSC Olainfarm in December 2013 were Russia, Ukraine, Latvia and Kazakhstan.  Significant shipments to Australia and Brazil have also taken place.

December 2013, consolidated results Share in total sales Changes to December 2012
Russia 29% -22%
Ukraine 29% -37%
Latvia 25% 35%
Kazakhstan 8% 69%
Uzbekistan 2% 81%
Australia 2% NA
Brazil 1% NA
Lithuania 1% -30%
Kyrgyzstan 1% 79%
Tajikistan 1% -25%
Other 1% -90%
Total 100% -20%

 

In twelve months of 2013, according to preliminary figures, the consolidated sales of JSC Olainfarm were 55.29 million lats (78.67 million euro), which represents an increase by 5% compared to 2012.  The most rapid sales increases during this twelve months period were achieved in The Netherlands, where the sales grew by 351%, sales to Spain grew by 2002%, sales to Belarus grew by 48%, but sales to Uzbekistan grew by 42%.  Major sales markets of JSC Olainfarm in 2013 were Russia, Latvia, Ukraine, Belarus and Kazakhstan.

2013, consolidated results Share in total sales  Changes to 2012
Russia 37% 14%
Latvia 23% 35%
Ukraine 14% -45%
Belarus 7% 48%
Kazakhstan 4% 17%
UK 3% -10%
Uzbekistan 2% 42%
The Netherlands 1% 351%
Georgia 1% 34%
Spain 1% 202%
Other 7% 8%
Total 100% 5%

 

Sales of chain of pharmacies of Latvijas aptieka Ltd. owned by JSC Olainfarm in December of 2013 were 0.88 million lats (1.25 million euro).  In December 2013, 54 pharmacies of this chain were operating. During 2013 pharmacies of Latvijas aptieka Ltd. made total sales of 10.5 million lats (14.94 million euro). Sales of Silvanols Ltd. partially owned by JSC Olainfarm in December 2013 were 0.14 million lats (0.2 million euro).

According to preliminary unconsolidated sales figures of JSC Olainfarm, sales of the company during December reached 3.75 million lats (5.34 million euro), which is a reduction by 25% compared to the same period of 2012.  The most rapid sales increases were achieved in Uzbekistan, where sales grew by 81%, sales to Kyrgyzstan grew by 79%, sales to Kazakhstan grew by 69%, and sales to Latvia grew by 54%.  In December 2013, significant shipments have also been made to Brazil and Australia. According to unconsolidated results, the major sales markets of JSC Olainfarm in December 2013 were Russia, Ukraine, Latvia and Kazakhstan.  In total during December 2013, products of JSC Olainfarm were sold in 18 countries on 5 continents.

December 2013, unconsolidated results Share in total sales Changes to December 2012
Russia 35% -22%
Ukraine 35% -37%
Latvia 12% 54%
Kazakhstan 9% 69%
Uzbekistan 2% 81%
Australia 2% NA
Brazil 1% NA
Lithuania 1% -33%
Kyrgyzstan 1% 79%
Tajikistan 1% -25%
Other 0% -97%
Total 100% -25%

 

During 2013, according to preliminary figures, unconsolidated sales of JSC Olainfarm were 47.35 million lats (67.37 million euro), which represents an increase by 2% compared to 2012.  The most rapid sales increases during this period were achieved in The Netherlands and Spain, where sales grew by 351% and 202%, respectively. Relatively rapid sales increases during this period were also achieved in Latvia, where sales grew by 71%, sales in Belarus grew by 48%, but sales in Uzbekistan grew by 42%. According to preliminary unconsolidated results, the major sales markets of JSC Olainfarm during 2013 were Russia, Ukraine, Latvia, Belarus, Kazakhstan and the UK. In total in 2013 products of JSC Olainfarm were sold to 37 countries in 5 continents.

2013, unconsolidated results Share in total sales Changes to 2012
Russia 44% 14%
Ukraine 16% -45%
Latvia 11% 71%
Belarus 8% 48%
Kazakhstan 5% 17%
UK 4% -10%
Uzbekistan 2% 42%
The Netherlands 1% 351%
Georgia 1% 34%
Spain 1% 202%
Other 7% -5%
Total 100% 2%

 

The adjusted sales guidance for JSC Olainfarm says that unconsolidated sales of the company in 2013 will reach 45.4 million lats (64.6 million euro), while consolidated sales will reach 52.8 million lats (75.1 million euro).  According to these preliminary results, the company has outperformed its adjusted unconsolidated sales guidance by 4% and has outperformed its adjusted consolidated sales guidance by 5%.

JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with 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 December Reaches 4.45 million lats