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Sales of Olainfarm in May Reach 9.09 Million Euros

on June 15, 2016

Preliminary consolidated results, sales of JSC Olainfarm for May 2016 show that total sales have reached 9.09 million euros, which represents and increase by 28% compared to the same period of last year. The biggest sales increase was achieved in Turkmenistan, where sales grew by 213%. Sales to Russia grew by 99%, sales to Uzbekistan grew by 79%, but sales to Ukraine grew by 50%. The biggest sales markets in this period were Russia, Latvia, Ukraine and the UK.

May 2016, consolidated sales Sales, thsnd. EUR Changes to May 2015 Share in total sales
Russia 3 813 99% 42%
Latvia 1 731 1% 19%
Ukraine 1 008 50% 11%
UK 560 NA 6%
Belarus 372 -27% 4%
Turkmenistan 272 213% 3%
Uzbekistan 267 79% 3%
Tajikistan 139 NA 2%
Lithuania 119 44% 1%
Moldova 118 29% 1%
Other 690 -63% 8%
Total 9 089 28% 100%

 

Sales of chain of pharmacies of Latvijas aptieka Ltd. in May 2016 was 1.3 million euros, which is the same sales that were made in May 2015. Fifty-eight pharmacies were operating during this period. Sales of Silvanols Ltd. in this period were 0.34 million euros, which represents an increase by 70% compared to the same period of one year ago. During May 2016, Silvanols Ltd. was selling its products to four European countries and with assistance from JSC Olainfarm also to Kazakhstan, Albania and Kosovo.

In five months of 2016, according to preliminary consolidated numbers, the sales of JSC Olainfarm were 44.14 million euros, which represents an increase by 1% compared to the same period of 2015. The most rapid sales increase during five months of this year was achieved in Italy, where sales grew by 373%. Sales to Turkmenistan increased by 152%, sales to Uzbekistan increased by 134%, but sales to the United Kingdom increased by 78%. Major sales markets of JSC Olainfarm in five months of 2016 were Russia, Latvia, Ukraine and Belarus.

5 months of 2016, consolidated results Sales, thsnd. EUR Changes to 5 months of 2015 Share in total sales
Russia 13 087 -16% 30%
Latvia 10 525 10% 24%
Ukraine 7 197 43% 16%
Belarus 4 068 38% 9%
UK 1 499 78% 3%
Uzbekistan 1 171 134% 3%
Turkmenistan 926 152% 2%
Kazakhstan 736 -32% 2%
Italy 588 373% 1%
Lithuania 570 40% 1%
Other 3 776 -49% 9%
Total 44 143 1% 100%

 

In five months of 2016 sales of pharmacies of Latvijas aptieka Ltd. were 7.9 million euros, which represents an increase by 14% compared to the same period of 2015. Sales of Silvanols Ltd. during this period were 2 million euros, which represents an increase by 25% compared to five months of 2015, when this company made sales worth 1.6 million euros. Products of Silvanols Ltd. were sold to nine European countries and with assistance of JSC Olainfarm also to Albania, Kosovo, Azerbaijan, Kazakhstan and Belarus

According to preliminary unconsolidated sales results of JSC Olainfarm for May 2016, sales of the company during this period were 8.37 million euros, which represents an increase by 34% compared to the same period of 2015. The biggest sales increase was achieved in Turkmenistan, where sales grew by 213%. Sales to Russia increased by 99%, while sales to Uzbekistan increased by 79%. Significant shipments were also made to the United Kingdom and Tajikistan. The biggest sales markets were Russia, Latvia, Ukraine and the UK. During May 2016, products of JSC Olainfarm were sold to 25 countries in four continents.

May 2016, unconsolidated sales Sales, thsnd. EUR Changes to May, 2015 Share in total sales
Russia 3 813 99% 46%
Latvia 1 086 13% 13%
Ukraine 1 008 50% 12%
UK 560 NA 7%
Belarus 372 -27% 4%
Turkmenistan 272 213% 3%
Uzbekistan 267 79% 3%
Tajikistan 139 NA 2%
Moldova 118 29% 1%
Lithuania 102 54% 1%
Other 628 -65% 8%
Total 8 365 34% 100%

 

According to preliminary unconsolidated results, sales of JSC Olainfarm in five months of 2016 reached 38.76 which is an amount comparable to sales made in five months of 2015. The most rapid sales increase during this period was achieved in Italy, where sales grew by 373%. Sales to Turkmenistan grew by 152%, sales to Uzbekistan grew by 134%, but sales to the United Kingdom increase by 78%. Major sales markets of JSC Olainfarm in five months of 2016 were Russia, Ukraine, Latvia and Belarus. In total, in five months of 2016 products of JSC Olainfarm were sold in 38 countries in four continents.

5 months of 2016, unconsolidated sales Sales, thsnd. EUR Changes to 5 months of 2015 Share in total sales
Russia 13 087 -16% 34%
Ukraine 7 197 43% 19%
Latvia 5 749 10% 15%
Belarus 4 069 38% 10%
UK 1 499 78% 4%
Uzbekistan 1 171 134% 3%
Turkmenistan 926 152% 2%
Kazakhstan 736 -32% 2%
Italy 588 373% 2%
The Netherlands 504 -87% 1%
Other 3 230 -1% 8%
Total 38 756 0% 100%

 

General meeting of shareholders of JSC Olainfarm held on June 7, 2016 approved operating plan of the company, providing that unconsolidated sales of the company in 2016 will reach 86 million euros, while consolidated sales of the company will reach 100 million euros. According to these preliminary sales numbers, in five months of 2016 the company has met 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 40 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.

 

Information prepared by:

Salvis Lapins
JSC Olainfarm
Member of the Management Board
Rupnicu iela 5, Olaine, Latvia, LV 2114
Phone: +371 6 7013 717
Fax: +371 6 7013 777
E-mail: Salvis.Lapins@olainfarm.lv

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SigitaSales of Olainfarm in May Reach 9.09 Million Euros