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Sales of Olainfarm in Ten Months Exceed 81 Million Euro

on November 16, 2015

Preliminary consolidated sales results of JSC Olainfarm for October 2015 show that sales during this months have reached 8.38 million euros, which represents an increase by 1% compared to the same period of 2014. The biggest sales increase was achieved in Ukraine, where sales grew by 9094%. Sales to Switzerland grew by 572%, while sales to Kazakhstan grew by 100%. During October 2015 significant shipments were also made to Brazil. Major sales markets of  JSC Olainfarm during October 2015 were Russia, Latvia, Ukraine, Belarus and Kazakhstan.

October 2015, consolidated sales Share in total sales Changes to October 2014
Russia 26% -41%
Latvia 26% 8%
Ukraine 22% 9094%
Belarus 9% 18%
Kazakhstan 4% 100%
Brazil 2% NA
Poland 1% -22%
Switzerland 1% 572%
Albania 1% 26%
Turkmenistan 1% -21%
Other 7% -59%
Total 100% 1%

 

Sales of pharmacy chain of Latvijas Aptieka Ltd., fully owned by JSC Olainfarm, were 1.6 million euros in October 2015.  This represents an increase by 8%, compared to October 2014.  59 pharmacies were operating during this period.  Sales of Silvanols Ltd. during October 2015 were 0.39 million euros, which represents a reduction by 3% compared to the same period one year ago.  Silvanols Ltd. sold its products to four European countries directly and to Belarus and Azerbaijan via system of JSC Olainfarm.

According to preliminary consolidated results for ten months of 2015, sales of JSC Olainfarm have reached 81.42 million euros, which represents an increase by 4% compared to the same period of 2014.  The most rapid sales increase was achieved in The Netherlands, where sales grew by 181%.  Major sales markets of JSC Olainfarm during this period were Russia Ukraine, Latvia, Belarus and The Netherlands.

10 months of 2015, consolidated sales Share in total sales Changes to 10 months of 2014
Russia 33% -8%
Ukraine 13% 3%
Latvia 23% 9%
Belarus 7% -5%
The Netherlands 6% 181%
Kazakhstan 3% 12%
UK 2% -7%
Uzbekistan 1% -4%
Tajikistan 1% 28%
Poland 1% -25%
Other 9% 8%
Total 100% 4%

 

Sales of chain of pharmacies of  Latvijas Aptieka Ltd. during ten months of 2015 were 13.8 million euros, which represents an increase by 10% compared to ten months of 2014.  Sales of Silvanols Ltd. in ten months were 3.3 million euros, this represents an increase by 19% compared to same period of 2014, when it made sales of 2.78 million euros.  During this period Silvanols Ltd. sold its products to 13 countries in two continents, and via system of JSC Olainfarm to Belarus, Azerbaijan and Kazakhstan.

According to preliminary unconsolidated results, sales of JSC Olainfarm during October 2015 were 7.24 million euros, which represents an increase by 7% compared to the same period of 2014. The biggest sales increase was achieved in Poland, where sales grew by 173 513%. Sales to Ukraine grew by 9094%, sales to Switzerland grew by 572%, but sales to Kazakhstan grew by 100%. During this period significant shipments were also made to Brazil.  Major sales markets of JSC Olainfarm during October 2015 were Russia, Ukraine, Latvia, Belarus and Kazakhstan.  During October 2015, JSC Olainfarm sold its products to 24 countries on three continents.

October 2015, unconsolidated sales Share in total sales Changes to October 2014
Russia 30% -41%
Ukraine 25% 9094%
Latvia 15% 5%
Belarus 10% 18%
Kazakhstan 5% 100%
Brazil 2% NA
Poland 2% 173513%
Switzerland 1% 572%
Albania 1% 26%
Turkmenistan 1% -21%
Other 7% -48%
Total 100% 7%

 

According to preliminary unconsolidated results for ten months of 2015, sales of JSC Olainfarm were 71.49 million euros, which represents an increase by 5% compared to the same period one year ago.   The most rapid sales increase during this period was achieved in The Netherlands, where sales grew by 181%.  Sales to Turkmenistan grew by 35%, sales to Tajikistan and Latvia grew by 28%.  According to preliminary unconsolidated results, major sales markets of JSC Olainfarm in ten months of 2015 were Russia, Ukraine, Latvia, Belarus and The Netherlands. In total during this ten months period products of JSC Olainfarm were sold to 42 countries on five continents.

10 months of 2015, unconsolidated sales Share in total sales Changes to 10 months of 2014
Russia 38% -8%
Ukraine 15% 3%
Latvia 14% 28%
Belarus 8% -5%
The Netherlands 7% 181%
Kazakhstan 3% 12%
UK 2% -7%
Uzbekistan 2% -4%
Tajikistan 1% 28%
Turkmenistan 1% 35%
Other 9% 1%
Total 100% 5%

 

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 ten months of 2015, the company has attained 82% of annual target for unconsolidated sales and 81% 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

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