“Olainfarm” Does Not See Any Significant Threats to Its Sales to Ukraine and Russia

Currently "Olainfarm" does not see any significant threats for its sales to Ukraine and Russia. However, if the European Union and its partners fail to solve the situation in Ukraine, the outcome could have a negative impact not only on company's sales in Ukraine bus also in Russia.

| Source: Olainfarm

Olaine, March 5, 2014, 2014-03-05 12:28 CET (GLOBE NEWSWIRE) -- „Not only Ukrainian market is important to ”Olainfarm”, Russian one even more crucial, therefore I do hope that the all parties will get involved in solving the current situation and the conflict will be settled peacefully,” says Valerijs Maligins, chairman of AS „Olainfarm”.


Preliminary consolidated results of AS “Olainfarm” for January 2014 show that sales have reached 9.67 million euro, which is an increase by 24% compared to the same period one year ago.  The biggest sales increases were achieved in Georgia, here sales grew by  3496%, Spain, where sales grew by 843%, Italy, where sales grew by 321% and Lithuania, where sales grew by 126 as well as Latvia, where sales grew by 101%.  In January 2014, sales to Ukraine grew by 4% compared to January 2013. The major sales markets of AS “Olainfarm” in January 2014 were Russia, Latvia, Ukraine, Belarus, UK and The Netherlands.



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