News

Sales of Olainfarm in April Increase by 28%

on May 15, 2017

Preliminary consolidated results of JSC Olainfarm for April 2017 show that sales in April have reached 11.28 million euros, which represents an increase by 28% compared to sales of April 2016. The biggest sales increase was achieved in The Netherlands, where sales grew by 6642%. Sales to Kazakhstan grew by 159%, sales to Poland grew by 143%, sales to Russia increased by 58%, but sales to Lithuania grew by 43%. The biggest sales reduction took place in Italy, where sales contracted by 43%. Major sales markets of the Group were Russia, Latvia, Ukraine and The Netherlands.

April 2017, consolidated sales Sales, thsnd. EUR Changes to April 2016 Share in total sales
Russia 4 690 58% 42%
Latvia 2 428 12% 22%
Ukraine 1 209 -6% 11%
The Netherlands 735 6642% 7%
Belarus 491 -27% 4%
Kazakhstan 255 159% 2%
Turkmenistan 183 6% 2%
Italy 160 -43% 1%
Lithuania 132 49% 1%
Poland 129 143% 1%
Other 863 -16% 8%
Total 11 275 28% 100%

 

Sales of pharmacies of Latvijas aptieka during April 2017 were 1.66 million euros, which represents an increase by 5% compared to April 2016. Sales of Silvanols in April 2017 were 0.48 million euros, which is an increase by 23% compared to the same period of last year. During April 2017, Silvanols sold its products to six European countries and with help of JSC Olainfarm also to Azerbaijan, Russia, Belarus and Armenia. Sales of Tonus Elast in April 2017 were 0.65 million euros, and the company sold its products to 16 countries in three continents.

According to preliminary numbers, consolidated sales of JSC Olainfarm in four months of 2017 was 38.28 million euros, which represents an increase by 9% compared to the same period of 2016. The biggest sales increase during this period was achieved in The Netherlands, where sales grew by 427%, while sales to Germany increased by 151%. The biggest sales reduction took place in Ukraine, where sales shrunk by 49%. The major sales markets of the group in four months of 2017 were Russia, Latvia, Belarus, Ukraine and The Netherlands.

4 months of 2017, consolidated sales Sales, thsnd. EUR Changes to 4 months of 2016 Share in total sales
Russia 12 366 33% 32%
Latvia 9 920 13% 26%
Belarus 3 693 0% 10%
Ukraine 3 209 -49% 8%
The Netherlands 2 492 427% 7%
Kazakhstan 704 5% 2%
Italy 702 32% 2%
Lithuania 530 18% 1%
Germany 497 151% 1%
Turkmenistan 462 -29% 1%
Other 3 709 -8% 10%
Total 38 284 9% 100%

 

Sales of pharmacies of Latvijas aptieka in four months of 2017 were 6.8 million euros, which represents an increase by 3% compared to the same period of 2016. Sales of Silvanols in four months of 2017 were 2.1 million euros, which is an increase by 31% compared to the same period of 2016, when Silvanols’ sales were 1.6 million euros. Products of Silvanols in four months of 2017 were sold to nine European countries and with the help of JSC Olainfarm also to Lithuania, Russia, Azerbaijan, Belarus and Armenia. Sales of Tonus Elast in four months reached 2.5 million euros and this company sold its products to 30 countries in 4 continents.

According to unconsolidated preliminary results, sales of JSC Olainfarm in April 2017 were 9.38 million euros, which represents an increase by 22% compared to April 2016. The biggest sales increase was achieved in The Netherlands, where sales grew by 6642%. Sales to Lithuania grew by 49%, while sales to Russia increased by 44%. The biggest sales reduction took place in Italy where sales shrunk by 43%. In April 2017, the company also made significant shipments to Germany. The biggest sales markets during this period were Russia, Ukraine, Latvia, The Netherlands and Belarus. Products of JSC Olainfarm were sold to 29 countries in five continents.

April 2017, unconsolidated sales Sale, thsnd. EUR Changes to April 2016 Share in total sales
Russia 4 288 44% 46%
Ukraine 1 209 -6% 13%
Latvia 1 198 7% 13%
The Netherlands 735 6642% 8%
Belarus 491 -27% 5%
Kazakhstan 217 121% 2%
Turkmenistan 183 6% 2%
Italy 161 -43% 2%
Lithuania 107 49% 1%
Germany 102 NA 1%
Other 686 -31% 7%
Total 9 377 22% 100%

 

According to unconsolidated preliminary results, sales of JSC Olainfarm in four months of 2017 were 30.72 million euros, which represents an increase by 1% compared to the same period of 2016. The biggest sales increase has been achieved in The Netherlands, where sales have increased by 415%, while sales to Germany increased by 106%. The biggest sales reduction during this period took place in Ukraine, where sales shrunk by 50%. The major sales markets of JSC Olainfarm in four months were Russia, Latvia, Belarus, Ukraine and The Netherlands. In total during this four months period JSC Olainfarm sold its products to 38 countries in five continents.

4 months of 2017, unconsolidated sales Sales, thsnd. EUR Changes to four months of 2016 Share in total sales
Russia 11 203 21% 36%
Latvia 4 929 6% 16%
Belarus 3 642 -1% 12%
Ukraine 3 117 -50% 10%
The Netherlands 2 492 415% 8%
Italy 668 26% 2%
Germany 492 148% 2%
Kazakhstan 464 -30% 2%
Turkmenistan 462 -29% 2%
Lithuania 434 13% 1%
Other 2 820 -23% 9%
Total 30 723 1% 100%

 

According to preliminary estimates, unconsolidated sales of JSC Olainfarm in 2017 might reach 96 million euros, while consolidated sales might reach 127 million euros. According to the preliminary sales numbers published here, during four months of 2017, the company has already made 32% of its unconsolidated sales estimate and 30% of its annual consolidated sales estimate.

 

JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with 45 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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