News

Sales of Olainfarm in February Grow by 60%

on March 14, 2012

Preliminary consolidated sales figures of JSC Olainfarm for February 2012 show that sales have grown by 60% compared to the same period a year ago and have reached 4.02 million lats (5.72 million euros). The biggest sales increases were achieved in USA, where sales grew 50 times, sales to Georgia grew 19 times, to Latvia nearly fourfold, sales to Ukraine more than doubled, sales to Lithuania grew by 27% and to Russia by 24%. The major sales markets of JSC Olainfarm during February 2012 were Russia, Ukraine, Latvia, the UK, Kazakhstan and Belarus.

Consolidated sales:
February 2012
Share in total sales Changes to February 2011
Russia 33% 24%
Ukraine 22% 129%
Latvia 18% 263%
UK 10% NA
Kazakhstan 6% NA
Belarus 5% -43%
Moldova 2% 13%
Lithuania 1% 27%
Georgia 1% 1801%
USA 1% 4910%
Other 2% -77%
Total 100% 60%

 

During two months of 2012 preliminary consolidated sales of JSC Olainfarm were 7.62 million lats (10.84 million euros), which represents an increase by 42% compared to the respective period of 2011. The most rapid sales increases were experienced in the USA, where sales have increased 267 times, to Latvia, where sales grew fourfold, Taiwan, almost fourfold, Kazakhstan, nearly threefold, and Ukraine, where sales more than doubled. Major sales markets of JSC Olainfarm during first two months of 2012 were Russia, Ukraine, Latvia, the UK, Belarus, Kazakhstan and the USA.

Consolidated sales:
2 months of 2012
Share in total sales Changes to two months of 2011
Russia 35% 31%
Ukraine 26% 113%
Latvia 18% 316%
UK 5% 0%
Belarus 5% -47%
Kazakhstan 3% 179%
USA 2% 26639%
Lithuania 1% -17%
Moldova 1% -19%
Taiwan 1% 259%
Other 4% -58%
Total 100% 42%

 

Sales of pharmacies owned by JSC Olainfarm during February were 0.5 million lats (0.71 million euros). During two months of 2012 sales of pharmacies were 1.02 million lats (1.45 million euros). According to unconsolidated sales figures of JSC Olainfarm, sales during February were 3.54 million lats (5.04 million euros). This represents an increase by 41% compared to the same period a year ago. The biggest sales increases were achieved in USA, where sales grew 50 times, sales to Georgia grew 19 times, to Latvia nearly fourfold, sales to Ukraine more than doubled, sales to Lithuania grew by 27% and to Russia by 24%. The major sales markets of JSC Olainfarm during February 2012 were Russia, Ukraine, Latvia, the UK, Kazakhstan and Belarus.

Unconsolidated sales:
February 2012
Share in total sales Changes to February 2011
Russia 38% 24%
Ukraine 25% 129%
UK 11% NA
Latvia 6% 16%
Kazakhstan 6% NA
Belarus 6% -43%
Moldova 2% 13%
Lithuania 2% 27%
Georgia 1% 1801%
USA 1% 4910%
Other 2% -77%
Total 41%

 

During two months of 2012, according to preliminary unconsolidated figures, the sales of JSC Olainfarm were 6.63 million lats (9.43 million euros), which is an increase by 24% compared to the respective period of 2011. The most rapid sales increases were experienced in the USA, where sales have increased 267 times, to Latvia, where sales grew fourfold, Taiwan, almost fourfold, Kazakhstan, nearly threefold, and Ukraine, where sales more than doubled. Major sales markets of JSC Olainfarm during first two months of 2012 were Russia, Ukraine, Latvia, the UK, Belarus, Kazakhstan and the USA.

Unconsolidated sales:
2 months of 2012
Share in total sales Changes to 2 months of 2012
Russia 40% 31%
Ukraine 30% 113%
Latvia 6% 19%
UK 6% 0%
Belarus 6% -47%
Kazakhstan 3% 179%
USA 2% 26639%
Lithuania 1% -17%
Moldova 1% -19%
Taiwan 1% 259%
Other 4% -58%
Total 100% 24%

 

Although no forecasts of JSC Olainfarm are formally approved, for planning purposes the Board of the Company is using forecasts according to which the unconsolidated sales of the company in 2012 will reach 40.6 million lats (57.8 million euro), which represents an increase by 12% compared to sales made during 2011. According to these preliminary unconsolidated sales figures, during two months of 2012, 16.33% of sales forecasts for the year 2012 are already 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

SigitaSales of Olainfarm in February Grow by 60%