News

Sales of Olainfarm in May Reach 7.11 Million Euro

on June 15, 2015

Preliminary consolidated sales results of JSC Olainfarm for May 2015 show that sales have reached 7.11 million euro, which represents a reduction by a third comparing to the same period one year ago.  The biggest sales increases were achieved in Moldova, where sales grew by 651% and in The Netherlands, where sales grew by 500%.  During May 2015, JSC Olainfarm also made significant shipments to Switzerland. Biggest sales markets of JSC Olainfarm during May 2015 were Russia, The Netherlands, Latvia, Ukraine and Belarus.

May 2015, consolidated sales Share in total sales Changes to May 2014
Russia 27% -31%
The Netherlands 15% 500%
Latvia 24% 11%
Ukraine 9% -79%
Belarus 7% -12%
Kazakhstan 3% 33%
Poland 3% -26%
Uzbekistan 2% -69%
Switzerland 2% NA
Moldova 1% 651%
Other 7% -69%
Total 100% -33%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. fully owned by JSC Olainfarm were 1.3 million euros, which represents an increase by 9% compared to the same period of 2014.  Fifty-eight pharmacies were operating during this period.  Sales of Silvanols Ltd. in May 2015 were 0.2 million euro, which represents an increase by 43%, compared to sales made in May 2014.   During May Silvanols Ltd. was selling its products to five European countries.

In five months of 2015, according to preliminary consolidated results, sales of JSC Olainfarm were 43.82 million euros, which represents an increase by 1% compared to the same period of 2014.  The most rapid sales increases during this period were achieved in The Netherlands, where sales grew by 251%, sales to Kyrgyzstan grew by 88%, sales to Kazakhstan grew by 53%, but sales to Tajikistan grew by 36%.  The biggest sales markets of JSC Olainfarm in five months of 2015 were Russia, Latvia, Ukraine, The Netherlands and Belarus.

5 months of 2015, consolidated sales Share in total sales Changes to 5 months of 2014
Russia 36% 2%
Latvia 22% 9%
Ukraine 11% -33%
The Netherlands 9% 251%
Belarus 7% -17%
Kazakhstan 2% 53%
UK 2% -50%
Uzbekistan 1% -49%
Kyrgyzstan 1% 88%
Tajikistan 1% 36%
Other 8% 8%
Total 100% 1%

 

Sales of pharmacy chain of Latvijas Aptieka Ltd. in five months were 6.9 million euros, which represents a 10% increase compared to 5 months of 2014.  Sales of Silvanols Ltd. in five months of 2105 were 1.6 million euros, which means an increase by 23% compared to five months of 2014, when Silvanols Ltd. made sales of 1.3 million euro. In five months of 2015, Silvanols Ltd. made sales to 11 countries on two continents.

According to unconsolidated sales results of JSC Olainfarm, sales of the company in May 2015 were 6.24 million euro, which represents a reduction by 36% compared to the same period one year ago.  The biggest sales increases were achieved in Moldova, where sales grew by 651% and in The Netherlands, where sales grew by 500%.  Significant shipments were also made to Switzerland.  The major sales markets of JSC Olainfarm in May 2015 were Russia, The Netherlands, Latvia, Ukraine and Belarus.  In total during May 2015, JSC Olainfarm sold its products in 25 countries on four continents.

May 2015, unconsolidated sales Share in total sales Changes to May, 2014
Russia 31% -31%
The Netherlands 17% 500%
Latvia 15% 28%
Ukraine 11% -79%
Belarus 8% -12%
Kazakhstan 3% 33%
Poland 3% -35%
Uzbekistan 2% -69%
Switzerland 2% NA
Moldova 1% 651%
Other 7% -72%
Total 100% -36%

 

In five months of 2015, according to preliminary unconsolidated results the sales of JSC Olainfarm were 38.8 million euro, which represents an increase by 2% compared to the respective period of 2014. The most rapid sale increases were achieved in The Netherlands, Kyrgyzstan, Kazakhstan, Tajikistan and Latvia, where sales respectively grew by 251%, 88%, 53%, 36% and 35%.  According to preliminary unconsolidated sales results, the major sales markets of JSC Olainfarm in five months of 2015 were Russia, Latvia, Ukraine, The Netherlands and Belarus. In total in five months of 2015, JSC Olainfarm sold its products in 36 countries on five continents.

5 months of 2015, unconsolidated sales Share in total sales Changes to 5 months of 2014
Russia 40% 2%
Latvia 13% 35%
Ukraine 13% -33%
The Netherlands 10% 251%
Belarus 8% -17%
Kazakhstan 3% 53%
UK 2% -50%
Uzbekistan 1% -49%
Kyrgyzstan 1% 88%
Tajikistan 1% 36%
Other 7% -4%
Total 100% 2%

 

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 five months of 2015, the Company has attained 45% of annual target for unconsolidated sales and 44% 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 May Reach 7.11 Million Euro