News

Sales of Olainfarm in May Reaches 3.38 Million Lats

on June 17, 2013

Preliminary consolidated sales figures of JSC Olainfarm for May show that sales have reached 3.38 million lats (4.8 million euro), which is 7% more than a year ago. The biggest sales increases were achieved in Kyrgyzstan (growth by 152%), Uzbekistan (growth by 111%) and Georgia (growth by 108%). Major sales markets of JSC Olainfarm during May 2013 were Russia, Latvia and Belarus.

 

May 2013,   consolidated results Share in total   sales Changes to May 2012
Russia 41% 27%
Latvia 28% 33%
Belarus 11% 30%
Tajikistan 3% NA
Kazakhstan 3% -48%
The   Netherlands 3% NA
Kyrgyzstan 2% 152%
Uzbekistan 2% 111%
Georgia 1% 108%
Lithuania 1% 72%
Other 3% -86%
Total 100% 7%

 

During the first five months of 2013 according to preliminary results total consolidated sales of JSC Olainfarm were 19.68 million lats (28 million euro), which represents an increase by 7% compared to similar period of 2012. The most rapid sales increases were achieved in the Netherlands, where sales grew by 1982%, Spain, where sales grew by 233% and Tajikistan, where sales grew by 129%. Major sales markets of JSC Olainfarm during the first five months of 2013 were Russia, Latvia, Belarus, Tajikistan and Kazakhstan.

 

5 months of 2013,   consolidated results Share in total   sales Changes to five   months of 2012
Russia 42% 28%
Latvia 25% 35%
Belarus 9% 59%
Ukraine 4% -77%
Kazakhstan 4% -1%
UK 3% -39%
The   Netherlands 2% 1982%
Uzbekistan 2% 41%
Spain 1% 233%
Tajikistan 1% 129%
Other 7% 2%
Total 100% 7%

 

Sales of pharmacies owned by JSC Olainfarm during May 2013 were 0.8 million lats (1.14 million euro). Sales of pharmacies during 5 months of 2013 were 3.83 million lats (5.45 million euro).

According to preliminary unconsolidated results of JSC Olainfarm, sales made during May 2013 were 2.84 million lats (4.04 million euro). The most rapid sales increases were achieved in Kyrgyzstan (growth by 152%), Uzbekistan (growth by 111%) and Georgia (growth by 108%). According to unconsolidated results the major sales markets of JSC Olainfarm in May 2013 were Russia, Latvia, Belarus and Tajikistan.

 

May 2013,   unconsolidated results Share in total   sales Changes to May 2012
Russia 49% 27%
Latvia 15% 78%
Belarus 13% 30%
Tajikistan 4% NA
Kazakhstan 4% -48%
The   Netherlands 4% NA
Kyrgyzstan 3% 152%
Uzbekistan 2% 111%
Georgia 1% 108%
Lithuania 1% 72%
Other 4% -86%
Total 100% 6%

 

In 5 months of 2013 according to preliminary unconsolidated results the sales of JSC Olainfarm have reached 16.85 million lats (23.98 million euro), which represents an increase by 6% compared to similar period of 2012. The most rapid sales increases during five months have been achieved in the Netherlands (growth by 1982%), and Spain (growth by 233%). According to preliminary unconsolidated results, the major sales markets of JSC Olainfarm in five months of 2013 were Russia, Latvia, Belarus, Ukraine and Kazakhstan.

 

Five months of   2013, unconsolidated results Share in total   sales Changes to five   months of 2012
Russia 50% 28%
Latvia 12% 93%
Belarus 11% 59%
Ukraine 5% -77%
Kazakhstan 5% -1%
UK 3% -39%
The   Netherlands 2% 1982%
Uzbekistan 2% 41%
Spain 1% 233%
Tajikistan 1% 129%
Other 9% 2%
Total 100% 6%

 

An Annual General Meeting of JSC Olainfarm held on April 29, approved operating plan of the company for 2013, according to which the target of 50 million lats (71.1 million euro)  was set for unconsolidated sales and target of 59 million lats (83.9 million euro) was set for consolidated sales. According to these preliminary results in five months of 2013, 33.7% of annual target of unconsolidated sales and 33.4% of annual target for consolidated sales have been achieved.

 

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 Reaches 3.38 Million Lats