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Sales of Olainfarm in March Reach Nearly 3.6 Million Lats

on April 15, 2013

Preliminary consolidated sales results of JSC Olainfarm for March show that sales have reached 3.56 million lats (5.07 million euros). The major sales increases were achieved in Kyrgyzstan, where sales grew by 222% and Bulgaria where sales grew by 176%. Major sales markets of  JSC Olainfarm during March 2013 were Russia, Latvia and Belarus.

 

March 2013, consolidated   results   Share in total   sales Changes to March   2012
Russia 41% -15%
Latvia 29% 28%
Belarus 8% 8%
Kazakhstan 7% 29%
Georgia 3% 31%
Bulgaria 2% 176%
Italy 2% NA
Tajikistan 1% 7%
Spain 1% NA
Kyrgyzstan 1% 222%
Other 5% -87%
Total 100% -19%

 

During the first three months of 2013 according to preliminary results, sales of JSC Olainfarm have reached 12.52 million lats (17.81 million euro), which represents an increase by 4% compared to similar period of 2012. The most rapid sales increases were achieved in Kyrgyzstan, where sales grew by 78%, Belarus, where sales grew by 72%, Uzbekistan, where sales grew by 64% and the UK, where sales grew by 51%. Major sales markets of JSC Olainfarm during first three months of 2013 were Russia, Latvia, Belarus, Ukraine and the UK.

 

Three months of   2013, consolidated results Share in total   sales Changes to three   months of 2012
Russia 45% 27%
Latvia 23% 34%
Belarus 9% 72%
Ukraine 6% -71%
UK 5% 51%
Kazakhstan 4% 7%
Italy 1% NA
Uzbekistan 1% 64%
Georgia 1% -8%
Kyrgyzstan 1% 78%
Other 4% -43%
Total 100% 4%

 

Sales of pharmacies owned by JSC Olainfarm reached 0.8 million lats (1.16 million euro) during March. During first three months sales of pharmacies reached 2.26 million lats (3.22 million euro).

According to preliminary unconsolidated results of JSC Olainfarm, sales of the company during March 2013 were 2.92 million lats (4.2 million euro). The most rapid sales increases were achieved in Kyrgyzstan, where sales grew by 222%, in Belarus, where sales grew by 176% and in Latvia, where sales grew by 53%. According to unconsolidated results the major sales markets of JSC Olainfarm in March 2013 were Russia, Latvia, Belarus and Kazakhstan.

 

March 2013, unconsolidated   results  Share in total sales Changes to March 2012
Russia 51% -15%
Latvia 13% 53%
Belarus 10% 8%
Kazakhstan 9% 29%
Georgia 3% 31%
Bulgaria 2% 176%
Italy 2% NA
Tajikistan 2% 7%
Spain 2% NA
Kyrgyzstan 1% 222%
Other 6% -87%
Total 100% -24%

 

During the first three months of 2013, according to preliminary results volume of unconsolidated sales of JSC Olainfarm was 10.79 million lats (15.35 million euro), which represents an increase by 3% compared to similar period a year ago. The most rapid sales increases during three months of this year have been achieved in Latvia and Kyrgyzstan, where sales have grown by 86% and 78% respectively. According to preliminary unconsolidated sales results major sales markets of JSC Olainfarm during three months of 2013 were Russia, Latvia, Belarus, Ukraine and the UK.

 

Three months of 2013,   unconsolidated results Share in total   sales Changes to three   months of 2012
Russia 52% 27%
Latvia 11% 86%
Belarus 10% 72%
Ukraine 7% -71%
UK 5% 51%
Kazakhstan 4% 7%
Italy 2% NA
Uzbekistan 1% 64%
Georgia 1% -8%
Kyrgyzstan 1% 78%
Other 5% -43%
Total 100% 3%

 

On April 12, 2013 Management Board of JSC Olainfarm approved and proposed an operating plan for 2013, providing that the unconsolidated sales of company in 2013 will reach 50 million lats (71,1 million euro), while consolidated sales will reach 59 million lats (83.9 million euro). According to preliminary sales figures contained herein, during three months of 2013, 21.6% of target for unconsolidated sales and 21.2% of annual target for consolidated sales have been 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 March Reach Nearly 3.6 Million Lats