News

Sales of Olainfarm in July increase by 19%

on August 17, 2015

Preliminary consolidated sales figures of JSC Olainfarm for July 2015 show that sales have reached 7.44 million euros, which represents an increase by 19% compared to the same period one year ago. The biggest sales increase was achieved in Belarus, where sales grew by 850%, while sales to Poland grew by 407%, sales to Tajikistan grew by 364%, sales to Kazakhstan grew by 215% and sales to Ukraine grew by 96%. During July 2015, significant shipments were also made to The Netherlands and Uzbekistan. Major sales markets of JSC Olainfarm during July were Russia, Latvia and Ukraine.

July 2015, consolidated sales Share in total sales Changes to July 2014
Russia 33% -29%
Latvia 22% 4%
Ukraine 16% 96%
Belarus 6% 850%
Kazakhstan 4% 215%
The Netherlands 3% NA
Tajikistan 3% 364%
Uzbekistan 3% NA
Poland 2% 407%
Turkmenistan 1% -13%
Other 8% 78%
Total 100% 19%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. in July 2015 were 1.3 million euro, which represents an increase by 11% compared to July 2014. During July 2015 58 pharmacies were operating. Sales of Silvanols Ltd. during July 2015 were 0.16 million euros, which represents an increase by 33% compared to the same period of 2014. During July, Silvanols Ltd. sold its products in four European countries.

According to preliminary figures, in seven months of 2015 sales of JSC Olainfarm reached 58.32 million euros, which represents an increase by 6% compared to the same period of 2014. The most rapid sales increases during this period were achieved in The Netherlands , where sales increased by 227%, while sales to Tajikistan increased by 75% and sales to Kazakhstan increased by 31%. The major sales markets of JSC Olainfarm in seven months of 2015 were Russia, Latvian, Ukraine, The Netherlands and Belarus.

7 months of 2015, consolidated sales Share in total sales Changes to 7 months of 2014
Russia 34% -1%
Latvia 22% 9%
Ukraine 12% -13%
The Netherlands 7% 227%
Belarus 7% -12%
UK 3% -10%
Kazakhstan 3% 31%
Tajikistan 2% 75%
Uzbekistan 1% -28%
Lithuania 1% 11%
Other 9% 18%
Total 100% 6%

 

In seven months of 2015 the sales of pharmacy chain of Latvijas aptieka Ltd. was 9.5 million euro, which represents an increase by 11% compared to the same period one year ago. Sales of Silvanols Ltd. in seven months of 2015 were 2.2 million euros, which represents an increase by 33% compared to seven months of 2014, where its sales were 1.65 million euro. During seven months, products of Silvanols Ltd. were sold to 11 countries on two continents.

According to preliminary unconsolidated results, sales of JSC Olainfarm during July 2015 were 6.66 million euros, which represents an increase by 22% compared to the same period of 2014. The major sales increase was achieved in Belarus, where sales grew by 850%, while sales to Tajikistan grew by 364%, sales to Kazakhstan by 215% and sales to Ukraine by 96%. Significant shipments during this period have also been made to The Netherlands, Uzbekistan and Poland. Major sales markets of JSC Olainfarm during July 2015 were Russia, Ukraine and Latvia. During July 2015, products of JSC Olainfarm were sold in 24 countries on three continents.

July 2015, unconsolidated sales Share in total sales Changes to July 2014
Russia 37% -29%
Ukraine 18% 96%
Latvia 14% 12%
Belarus 6% 850%
Kazakhstan 4% 215%
The Netherlands 4% NA
Tajikistan 3% 364%
Uzbekistan 3% NA
Poland 2% NA
Turkmenistan 1% -13%
Other 8% 71%
Total 100% 22%

 

According to preliminary unconsolidated results in seven months of 2015 JSC Olainfarm has made sales worth 51.52 million euros, which represents an increase by 7% compared to the same period of 2014. The most rapid sales increase was achieved in The Netherlands, where sales grew by 227%, while sales to Tajikistan grew by 75%, sales to Latvia by 32% and sales to Kazakhstan by 31%. The major sales markets of JSC Olainfarm seven months of 2015 were Russia, Ukraine, Latvia, The Netherlands and Belarus. In total during seven months of 2015 products of JSC Olainfarm were sold to 38 countries on five continents.

7 months of 2015, unconsolidated sales Share in total sales Changes to 7 months of 2014
Russia 38% -1%
Ukraine 14% -13%
Latvia 14% 32%
The Netherlands 8% 227%
Belarus 7% -12%
UK 3% -10%
Kazakhstan 3% 31%
Tajikistan 2% 75%
Uzbekistan 1% -28%
Turkmenistan 1% 25%
Other 8% 8%
Total 100% 7%

 

Annual General Meeting of shareholders of JSC Olainfarm, held on June 11, 2015 approved operating plan of the company, according to which the unconsolidated sales of the Company in 2015 will reach 87 million euros, while consolidated sales will reach 100 million euro. According to these preliminary sales figures, in seven months of 2015, the Company has attained 59% of annual target for unconsolidated sales and 58% 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 increase by 19%