News

Sales of Olainfarm In October Exceed 6 Million Lats

on November 13, 2013

Preliminary consolidated sales results of JSC Olainfarm for October 2013 show that sales have reached 6.11 million lats (8.69 million euro), which is an increase by 2% compared to the same period a year ago.  The biggest sales increases were achieved in Georgia, where sales grew by 165%, Lithuania, where sales grew by 131% and Belarus, where sales grew by 81%.  Major sales markets of JSC Olainfarm in October 2013 were Russia, Latvia, Ukraine and the UK. Significant shipments were also made to Turkmenistan.

October 2013, consolidated results Share in total sales Changes to October 2012
Russia 27% -18%
Latvia 19% 19%
Ukraine 17% -37%
UK 9% 50%
Belarus 6% 81%
Kazakhstan 6% 58%
Uzbekistan 4% 62%
Georgia 3% 165%
Lithuania 2% 131%
Turkmenistan 1% NA
Other 5% 12%
Total 100% 2%

 

In ten months of 2013, according to preliminary consolidated figures, sales of JSC Olainfarm have reached 44.28 million lats (63 million euro), which represents an increase by 8% compared to the same period of 2012. The most rapid sales increases during this period  were achieved in The Netherlands, where sales grew by 3055%, in Spain, where sales grew by 202% and Belarus, where sales grew by 64%. Major sales markets of JSC Olainfarm in ten months of 2013 were Russia, Latvia, Ukraine and Belarus.

10 months of 2013, consolidated results Share in total sales Changes to 10 months of 2012
Russia 39% 14%
Latvia 23% 31%
Ukraine 10% -46%
Belarus 8% 64%
Kazakhstan 4% 11%
UK 4% -10%
Uzbekistan 2% 30%
Georgia 1% 48%
The Netherlands 1% 3055%
Spain 1% 202%
Other 7% 7%
Total 100% 8%

 

Sales of Latvijas aptieka Ltd., a chain of pharmacies owned by JSC Olainfarm, in October 2013 were 0.91 million lats (1.29 million euro).  50 pharmacies of Latvijas aptieka Ltd. were operating during October. In ten months of 2013 sales of Latvijas aptieka Ltd. reached 7.8 million lats (11.1 million euro). Sales of Silvanols Ltd., partially owned by JSC Olainfarm, in October 2013 were 0.17 million lats (0.24 million euro).

According to preliminary unconsolidated results of JSC Olainfarm, sales in October 2013 were 5.42 million lats (7.71 million euro), which is just as much as they were during the same period one year ago. The most rapid sales increases were achieved in Georgia, where sales grew by 160%, in Lithuania, where sales grew by 91% and in Belarus, where sales grew by 81%. In October 2013, almost 0.07 million lats (0.98 million euro) worth of products of JSC Olainfarm were sold to Turkmenistan.  According to unconsolidated results the major sales markets of JSC Olainfarm during October 2013 were Russia, Ukraine, UK, Latvia, Belarus and Kazakhstan. In total during October 2013 products of JSC Olainfarm were sold to 21 countries in 3 continents.

October 2013, unconsolidated results Share in total sales Changes to October 2012
Russia 30% -18%
Ukraine 19% -37%
UK 11% 50%
Latvia 9% 27%
Belarus 7% 81%
Kazakhstan 7% 58%
Uzbekistan 5% 62%
Georgia 4% 160%
Lithuania 1% 91%
Turkmenistan 1% NA
Other 6% 7%
Total 100% 0%

 

According to preliminary unconsolidated results, in ten months of 2013 sales of JSC Olainfarm have reached 38.13 million lats (54.25 million euro), which represents an increase by 6% compared to the same period of 2012. The most rapid sales increases were achieved in The Netherlands and Spain, where sales grew by 3055% and 202% respectively. Relatively significant sales increase in ten months has also been achieved in Latvia (by 73%), Belarus (by 64%) and Georgia (by 47%). According to preliminary unconsolidated results, major sales markets of JSC Olainfarm in ten months of 2013 were Russia, Ukraine, Latvia, Belarus, Kazakhstan and the UK.  In total in ten months of 2013 products of JSC Olainfarm were sold to 35 countries in 5 continents.

10 months of 2013, unconsolidated results Share in total sales Changes to 10 months of 2012
Russia 45% 14%
Ukraine 12% -46%
Latvia 11% 73%
Belarus 9% 64%
Kazakhstan 5% 11%
UK 5% -10%
Uzbekistan 2% 30%
Georgia 1% 47%
The Netherlands 1% 3055%
Spain 1% 202%
Other 8% -2%
Total 100% 6%

 

On April 12, 2013 Management Board of JSC Olainfarm approved an operating plan of the company, which provided that unconsolidated sales of company in 2013 will reach 50 million lats (71.1 million euro), while consolidated sales of the company will reach 59 million lats (83.9 million euro).  According to these preliminary results in ten months of 2013 76% of annual target for unconsolidated sales and 75% of annual target for consolidated sales have been reached.

 

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 October Exceed 6 Million Lats