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Sales of Olainfarm in August were 6.76 Million Euros

on September 15, 2016

Preliminary consolidated results of JSC Olainfarm for August 2016 show that sales of the company were 6.76 million euros, which represents an increase by 1% compared to the same period of 2015. The biggest sales increase was achieved in Czech Republic, where sales grew by 1866%. Sales to Ukraine grew by 182% while sales to Uzbekistan grew by 147%. During August 2016, JSC Olainfarm also made significant shipments to Brazil, and Germany. The major sales markets in August were Latvia, Russia, Ukraine and Belarus.

August 2016, consolidated sales Sales, thsnd. EUR Changes to August, 2015 Share in total sales
Latvia 2 179 33% 32%
Russia 1 366 -48% 20%
Ukraine 964 182% 14%
Belarus 495 -44% 7%
Uzbekistan 301 147% 4%
Czech Republic 250 1866% 4%
Kazakhstan 209 29% 3%
Brazil 120 NA 2%
Lithuania 80 -17% 1%
Germany 76 NA 1%
Other 720 -11% 11%
Total 6 760 1% 100%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. in August were 1.47 million euro, which represents an increase by 18% compared to the same period of last year. Sixty two pharmacies were operating during august 2016. Sales of  Silvanols Ltd. during August 2016 were 0.36 million euro, which represents an increase by 57% compared to August of 2015. Silvanols Ltd. was selling its products in six European countries and with the help of JSC Olainfarm also to Lithuania, Azerbaijan and Russia. Sales of Tonus Elast Ltd. during August 2016 were 0.76 million euros. The company sold its products to 23 countries in four continents.

According to preliminary consolidated numbers, the amount of sales of JSC Olainfarm in eight months of 2016 was 70.35 million euro, which represents an increase by 8% compared to eight months of 2015. The biggest sales increase was achieved in Uzbekistan, where sales grew by 112%. Sales to Poland increased by 75%, while sales to Ukraine increased by 51%. The major sales markets in eight months were Russia, Latvia, Ukraine and Belarus.

Eight months of 2016, consolidated sales Sales, thsnd. EUR Changes to eight months of 2015 Share in total sales
Russia 20 946 -6% 30%
Latvia 16 436 13% 23%
Ukraine 11 488 51% 16%
Belarus 5 771 23% 8%
Uzbekistan 1 751 112% 2%
UK 1 589 4% 2%
Kazakhstan 1 568 -4% 2%
The Netherlands 1 090 -76% 2%
Turkmenistan 1 067 38% 2%
Poland 992 75% 1%
Other 7 647 31% 11%
Total 70 345 8% 100%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. in eight months was 12.3 million euros, which is an increase by 14% compared to eight months of 2015. Sales of Silvanols Ltd. in eight months of 2016 were 3.1 million euros, which represents an increase by 29%, as last year during this period sales of Silvanols Ltd. were 2.4 million euros. Products of Silvanols Ltd. during this period were sold to eleven European countries and with a help of JSC Olainfarm also to Albania, Kosovo, Azerbaijan, Kazakhstan, Belarus and Russia. Sales of Tonus Elast Ltd. in three months was 2.1 million euros. Its products were sold to 28 countries in four continents.

According to preliminary unconsolidated data, sales of JSC Olainfarm during August 2016 were 4.94 million euros, which represents a reduction by 16% compared to sales made during August of 2015. The biggest sales increase was achieved in Ukraine, where sales grew by 182%, while sales to Uzbekistan grew by 147%. Major sales markets of JSC Olainfarm during August 2016 were Russia, Latvia, Ukraine and Belarus. During August 2016, products of JSC Olainfarm were sold to 25 countries in three continents.

August, 2016, consolidates sales Sales, thsnd. EUR Changes to August 2015 Share in total sales
Russia 1 366 -48% 28%
Latvia 1 094 21% 22%
Ukraine 964 182% 20%
Belarus 483 -45% 10%
Uzbekistan 301 147% 6%
Kazakhstan 121 -26% 2%
Brazil 120 NA 2%
Lithuania 79 -10% 2%
Germany 73 NA 1%
Bulgaria 62 NA 1%
Other 274 -63% 6%
Total 4 937 -16% 100%

 

According to unconsolidated preliminary numbers, sales of JSC Olainfarm in eight months of 2016 were 59.65 million euros, which represents an increase by 4% compared to the same period of 2015. The biggest sales increase during this period was achieved in Uzbekistan, where sales grew by 112%. Sales to Ukraine grew by 50%, and sales to Lithuania grew by 44%. Major sales markets of JSC Olainfarm during this period were Russia, Ukraine, Latvia and Belarus. In total, during this eight months period products of JSC Olainfarm were sold to 38 countries in four continents.

Wight months of 2016, unconsolidated sales Sales, thsnd. EUR Changes to eight months of 2015 Share in total sales
Russia 20 545 -8% 34%
Ukraine 11 404 50% 19%
Latvia 8 739 9% 15%
Belarus 5 748 23% 10%
Uzbekistan 1 751 112% 3%
UK 1 540 1% 3%
Kazakhstan 1 336 -18% 2%
The Netherlands 1 090 -76% 2%
Turkmenistan 1 067 38% 2%
Lithuania 742 44% 1%
Other 5 692 17% 10%
Total 59 654 4% 100%

 

AGM of AS Olainfarm held on June 7, this year approved operating plan of the Company and the Group, providing that Company’s sales in 2016 will reach 86 million euros, while Group’s sales will reach 100 million euros. According to these preliminary sales numbers, in eight months of 2016 sixty nine percent of planned annual Company’s sales and 70% percent of planned annual Group’s sales have been attained.

 

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 211
Phone: +371 6 7013 717
Fax: +371 6 7013 777
E-mail: Salvis.Lapins@olainfarm.lv

SigitaSales of Olainfarm in August were 6.76 Million Euros