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Sales of Olainfarm in November Increase by 38%

on December 15, 2015

According to preliminary consolidated results of JSC Olainfarm for November 2015, company’s sales have reached 9.29 million euro, which represents an increase by 38% compared to November 2014. The biggest sales increase was achieved in Ukraine, where sales grew by 247%. Sales to Poland grew by 271%, sales to Moldova by 194%, and sales to Russia by 54%. In November 2015, significant shipments were also made to Switzerland. Major sales markets of JSC Olainfarm during November 2015 were Russia, Latvia, Ukraine and Switzerland.

November 2015, consolidated sales Share in total sales Changes to November 2014
Russia 39% 54%
Latvia 22% 15%
Ukraine 20% 274%
Switzerland 4% NA
Belarus 3% -54%
Kazakhstan 2% -28%
The Netherlands 2% -77%
Moldova 2% 194%
Poland 1% 271%
Uzbekistan 1% -30%
Other 4% 29%
Total 100% 38%

 

Sales of the pharmacy chain of  Latvijas Aptieka Ltd. during November 2015 were 1.45 million euro, which represents an increase by 12% compared to the same period of 2014.  Sixty pharmacies were operating during this period.  Silvanols Ltd. has doubled its sales in November, as its sales during this month reached 0.58 million euros, which is the biggest monthly sales so far.  Silvanols Ltd. made its sales in six European countries and with participation of JSC Olainfarm in Belarus as well.

During eleven months of 2015, according to preliminary results, consolidated sales of JSC Olainfarm have reached 90.19 million euros, which represents an increase by 6% compared to the same period of 2014.  The most rapid sales increase during this period was achieved in The Netherlands, where sales have increased by 105%.  The biggest sales markets of JSC Olainfarm during eleven months of 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands.

11 months of 2015, consolidated sales Share in total sales Changes to 11 months of 2014
Russia 34% -3%
Latvia 23% 9%
Ukraine 14% 15%
Belarus 7% -9%
The Netherlands 6% 105%
Kazakhstan 3% 7%
UK 2% -7%
Uzbekistan 1% -6%
Poland 1% -19%
Tajikistan 1 31%
Other 9% 15%
Total 100% 6%

 

During eleven months of 2015, sales of pharmacy chain of Latvijas Aptieka Ltd. was 15.3 million euros, which represents an increase by 11% compared to the same period of 2014.  Sales of Silvanols Ltd. during this period were 3.9 million euros, which represents an increase by 27% compared to 11 months of a previous year, when sales of Silvanols Ltd. were 3.03 million euros.  During eleven months of 2015, Silvanols Ltd. sold its products in 13 countries on two continents, with assistance from JSC Olainfarm to Belarus, Kazakhstan and Azerbaijan.

According to preliminary unconsolidated results for November 2015, sales of JSC Olainfarm during this period were 8.1 million euros, which represents an increase by 16% compared to the same period of 2014. The biggest sales increase was achieved in Ukraine, where sales grew by 269%.  Sales to Moldova grew by 194%, sales to Tajikistan grew by 69% and sales to Russia grew by 54%. During November 2015, significant shipments have also been made to Switzerland. The major sales markets of JSC Olainfarm in November 2015 were Russia, Ukraine, Latvia and Switzerland.  During November 2015, JSC Olainfarm sold its products to 23 countries on three continents.

November 2015, unconsolidated sales Share in total sales Changes to November 2014
Russia 44% 54%
Ukraine 23% 269%
Latvia 13% 18%
Switzerland 5% NA
Belarus 4% -54%
Kazakhstan 2% -28%
The Netherlands 2% -77%
Moldova 2% 194%
Uzbekistan 1% -30%
Tajikistan 1% 69%
Other 3% 8%
Total 100% 40%

 

According to preliminary unconsolidated results, sales of JSC Olainfarm in eleven months of 2015 was 79.59 million euros, which represents an increase by 8% compared to the same period of 2014.The most rapid sales growth was achieved in The Netherlands, where sales grew by 105%. Sales to Turkmenistan grew by 35%, sales to Tajikistan grew by 31%, but sales to Latvia grew by 27%. According to preliminary unconsolidated results, the major sales markets of JSC Olainfarm during eleven months of 2015 were Russia, Ukraine, Latvia, Belarus and The Netherlands. In total during 11 months of 2015, products of JSC Olainfarm were sold to 42 countries on five continents.

11 months of 2015, unconsolidated sales Share in total sales Changes to 11 months of 2014
Russia 38% -3%
Ukraine 16% 15%
Latvia 14% 27%
Belarus 8% -9%
The Netherlands 6% 105%
Kazakhstan 3% 7%
UK 2% -7%
Uzbekistan 2% -6%
Tajikistan 1% 31%
Turkmenistan 1% 35%
Other 9% 9%
Total 100% 6%

 

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 eleven months of 2015, the company has attained 91% of annual target for unconsolidated sales and 90% 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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