News

Sales of Olainfarm in July Grow by 15%

on August 15, 2014

Preliminary consolidated results of JSC Olainfarm for July 2014 show that sales have reached 6.28 million euro, which is by 15% more than sales made during July of 2013.  The biggest sales increase has been achieved in Kyrgyzstan, where sales grew by 181%. Sales to Lithuania grew by 172%; sales to Turkmenistan grew by 54%, while sales to Russia grew by 42%.  During July 2014 the company has also made significant shipments to Tajikistan and the USA.  Major sales markets of JSC Olainfarm during this month were Russia, Latvia and Ukraine.

July 2014, consolidated sales

Share in total sales

Changes to July 2013

Russia 55% 42%
Latvia 26% 16%
Ukraine 10% -6%
Turkmenistan 2% 54%
Kazakhstan 1% -31%
Lithuania 1% 172%
Tajikistan 1% NA
Belarus 1% -84%
Kyrgyzstan 1% 181%
USA 1% NA
Other 3% -61%
Total 100% 15%

 

Sales of the pharmacy chain of Latvijas aptieka Ltd. during July 2014 were 1.17 million euro and 52 pharmacies were operating during this period.  Sales of Silvanols Ltd. during this period were 0.12 million euro.

In seven months of 2014, according to preliminary consolidated data, sales of JSC Olainfarm reached 55 million euro, which represents an increase by 38% compared to the same period of 2013.  The most rapid sales increases were achieved in Poland, where sales grew by 881%, sales to Ukraine grew by 224%, sales to the Netherlands grew by 113% and sales to Lithuania grew by 84%.  Major sales markets of JSC Olainfarm in seven months of 2014 were Russia, Latvia, Ukraine and Belarus.

7 months of 2014, consolidated sales

Share in total sales

Changes to 7 months of 2013

Russia 36% 21%
Latvia 22% 23%
Ukraine 15% 224%
Belarus 8% 35%
UK 3% 2%
The Netherlands 2% 113%
Kazakhstan 2% -27%
Poland 2% 881%
Uzbekistan 2% 64%
Lithuania 1% 84%
Other 7% 19%
Total 100% 38%

 

Sales of the pharmacy chain of Latvijas aptieka Ltd. in seven months were 8.6 million euro.  Sales of Silvanols Ltd. in the same period were 1.65 million euro; the company has its sales made to 9 European countries.

According to preliminary unconsolidated figures, sales of JSC Olainfarm during July 2014 were 5.47 million euro, which represents an increase by 18% compared to the same period one year ago.  The biggest sales increases were achieved in Kyrgyzstan, where sales grew by 181%, Lithuania, where sales grew by 172%, Turkmenistan, where sales grew by 76%, Latvia, where sales grew by 45% and Russia, where sales grew by 42%.  Significant shipments have also been made to Tajikistan and the USA. Major sales markets of JSC Olainfarm during July 2014 were Russia, Latvia and Ukraine.  During this month the sales have been made to 19 countries on three continents.

July 2014, unconsolidated sales

Share in total sales

Changes to July 2013

Russia 63% 42%
Latvia 15% 45%
Ukraine 11% -6%
Turkmenistan 2% 54%
Kazakhstan 2% -31%
Lithuania 1% 172%
Tajikistan 1% NA
Belarus 1% -84%
Kyrgyzstan 1% 181%
USA 1% NA
Other 3% -69%
Total 100% 18%

 

In seven months of 2014, according to preliminary results, the unconsolidated sales of JSC Olainfarm were 47.97 million euro, which represents an increase by 40% compared to the same period one year ago. The most rapid sales increases were achieved in Poland, where sales grew by 11926%, sales to Ukraine have grown by 224%, sales to The Netherlands grew by 113%, but sales to Tajikistan grew by 72%.  According to preliminary unconsolidated results, the major sales markets of JSC Olainfarm in seven months of 2014 were Russia, Ukraine, Latvia, Belarus and the UK.  During seven months the sales have been made in 32 countries on 5 continents.

7 months of 2014, unconsolidated sales

Share in total sales

Changes to 7 months of 2013

Russia 42% 21%
Ukraine 18% 224%
Latvia 11% 35%
Belarus 9% 35%
UK 4% 2%
The Netherlands 3% 113%
Kazakhstan 2% -27%
Uzbekistan 2% 64%
Poland 2% 11926%
Tajikistan 1% 72%
Other 7% 7%
Total 100% 40%

 

Annual General Meeting of shareholders of JSC Olainfarm, held on April 29, 2014 approved an operating plan of the company that provides that unconsolidated sales of the company in 2014 will reach 80 million euro, while consolidated sales of the company in 2014 will reach 93 million euro.  According to preliminary sales figures published hereby, during six months the company has achieved 60% of annual target for unconsolidated sales and 59% of annual target for 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

 

SigitaSales of Olainfarm in July Grow by 15%