Sales Of „Olainfarm” Grow By 24% in January

Preliminary consolidated sales results of AS “Olainfarm” for January 2014, show that sales have reached 9.67 million euros, which is an increase by 24% compared to the same period one year ago. The biggest sales increases have been achieved in Georgia, where sales grew by 3496%, Spain, where sales grew by 843%, Italy, where sales grew by 321%, Lithuania, where sales grew by 126% and Latvia, where sales grew by 101%. Major sales markets of AS “Olainfarm” in January 2014 were Russia, Latvia, Ukraine, Belarus, The UK and The Netherlands. During January 2014 almost half a million euros worth of sales have also been made to The Netherlands.

| Source: Olainfarm Olainfarm

Olaine, February 16, 2014, 2014-02-17 07:39 CET (GLOBE NEWSWIRE) -- worth of sales have also been made to The Netherlands.

January 2014, consolidated results Share in total sales Changes to January 2013
Russia 37% -9%
Latvia 20% 101%
Ukraine 12% 4%
Belarus 10% 83%
UK 6% 35%
The Netherlands 5% NA
Spain 3% 843%
Italy 1% 321%
Lithuania 1% 126%
Georgia 1% 3496%
Other 4% -50%
Total 100% 24%

 

Sales of pharmacy chain of SIA “Latvijas aptieka” owned by AS ‘Olainfarm” in January were 1.4 million euros.  There were 54 pharmacies operating in January.  Sales of SIA “Silvanols” in January were 0.29 million euros.

According to preliminary unconsolidated results of AS “Olainfarm” sales made in January were worth 8.43 million euros, which is an increase by 20% compared to the same period one year ago.  The biggest sales increases were achieved in Georgia, where sales grew by 3496%, Azerbaijan, where sales grew by 883%, Spain, where sales grew by 843% and Italy, where sales grew by 321%.  Major sales markets of AS “Olainfarm” during January 2014 were Russia, Ukraine, Belarus, Latvia, UK and The Netherlands.  In total sales to 19 countries in 2 continents have been made during January.

January 2014 unconsolidated results Share in total sales Changes to January 2013
Russia 42% -9%
Ukraine 14% 4%
Belarus 11% 83%
Latvia 10% 24%
UK 7% 35%
The Netherlands 6% NA
Spain 3% 843%
Italy 2% 321%
Georgia 1% 3496%
Azerbaijan 1% 883%
Other 5% 7%
Total 100% 20%

 

According to preliminary targets, unconsolidated sales of “Olainfarm” in 2014 are planned at  80 million euros, while consolidated sales are planned at 90 million euros.  According to these preliminary sales figures, during January 2014, 11% of annual sales target for unconsolidated sales and 11% of annual target for consolidated sales are achieved.

 

 A/s OlainFarm is one of the biggest pharmaceutical companies in Latvia with 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 30 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
         A/s „OlainFarm”
         Tel: +371 6 7013 717
         e-mail: Salvis.Lapins@OlainFarm.lv