Olaine, July 15, 2014, 2014-07-15 23:53 CEST (GLOBE NEWSWIRE) --
| June 2014, consolidated results | Share in total sales | Changes to June 2013 |
| Latvia | 29% | 13% |
| Russia | 26% | -38% |
| Belarus | 13% | 89% |
| Poland | 9% | 2920% |
| Kazakhstan | 6% | 0% |
| Ukraine | 4% | -70% |
| The Netherlands | 4% | NA |
| Tajikistan | 3% | 529% |
| Lithuania | 2% | -5% |
| Moldova | 1% | 76% |
| Other | 4% | -87% |
| Total | 100% | -22% |
Sales of pharmacy chain of SIA “Latvijas aptieka”, fully owned by AS „Olainfarm” in June of 2014 were 1.14 million euro, and 55 pharmacies were operating during this period. Sales of SIA „Silvanols” during this period were 0.23 million euro.
During six months of 2014, according to preliminary figures the consolidated sales of AS “Olainfarm” has reached 48.74 million euros, which represents an increase by 40% compared to similar period of 2013. The most rapid sales increases during these six months have been achieved in Poland, where sales grew by 13434%, Ukraine, where sales grew by 303%, The Netherlands, where sales grew by 180%, Uzbekistan, where sales grew by 102% and Lithuania, where sales grew by 90%. Major sales markets of AS “Olainfarm” during the first six months of 2014 were Russia, Latvia, Ukraine and Belarus.
| 6 months of 2014, consolidated results | Share in total sales | Changes to 6 months of 2013 |
| Russia | 34% | 18% |
| Latvia | 21% | 24% |
| Ukraine | 16% | 303% |
| Belarus | 9% | 46% |
| UK | 3% | 2% |
| The Netherlands | 3% | 180% |
| Kazakhstan | 2% | -27% |
| Poland | 2% | 13434% |
| Uzbekistan | 2% | 102% |
| Lithuania | 1% | 90% |
| Other | 7% | 4% |
| Total | 100% | 40% |
Sales of the pharmacy chain of SIA „Latvijas Aptieka” fully owned by AS “Olainfarm” in 6 months were 7.4 million euros. Sales of SIA „Silvanols” in six months of 2014 were 1.523 million euros.
According to unconsolidated results of AS “Olainfarm”, sales of the company in June 2014 were 4.34 million euros, which represents a reduction by 22% compared to the same period one year ago. The major sales increases have been achieved in Tajikistan, where sales grew by 529%, Belarus, where sales grew by 89%, Moldova, where sales grew by 76% and Latvia, where sales grew by 37%. Major sales markets of AS “Olainfarm” in June 2014 were Russia, Latvia, Belarus, Poland, Kazakhstan and Ukraine. During June of 2014 products of AS „Olainfarm” were sold to 19 countries in three continents.
| June 2014, unconsolidated results | Share in total sales | Changes to June 2013 |
| Russia | 31% | -38% |
| Latvia | 16% | 37% |
| Belarus | 16% | 89% |
| Poland | 11% | NA |
| Kazakhstan | 7% | 0% |
| Ukraine | 5% | -70% |
| The Netherlands | 4% | NA |
| Tajikistan | 3% | 529% |
| Lithuania | 2% | -4% |
| Moldova | 2% | 76% |
| Other | 4% | -88% |
| Total | 100% | -22% |
According to preliminary figures, during six months of 2014 unconsolidated sales of AS “Olainfarm” was 42.5 million euro, which represents an increase by 44% compared to the same period of 2013. The most rapid sales increases during these six months have been achieved in Poland, where sales grew by 11926%, Ukraine, where sales grew by 303%, The Netherlands, where sales grew by 180%, and Uzbekistan, where sales grew by 102%. According to preliminary unconsolidated results, the main sales markets of AS “Olainfarm” during the first six months of 2014 were Russia, Ukraine, Latvia and Belarus. During six months of 2014 the sales have been made to 32 countries on five continents.
| 6 months of 2014, unconsolidated results | Share in total sales | Changes to 6 months of 2013 |
| Russia | 39% | 18% |
| Ukraine | 18% | 303% |
| Latvia | 11% | 33% |
| Belarus | 10% | 46% |
| UK | 4% | 2% |
| The Netherlands | 3% | 180% |
| Kazakhstan | 2% | -27% |
| Uzbekistan | 2% | 102% |
| Poland | 2% | 11926% |
| Tajikistan | 1% | 57% |
| Other | 7% | 6% |
| Total | 100% | 44% |
Annual General Meeting of shareholders of AS “Olainfarm”, held on April 29, 2014 approved an operating plan of the company that provides that unconsolidated sales of the company in 2014 will reach 80 million euro, while consolidated sales of the company in 2014 will reach 93 million euro. According to preliminary sales figures published hereby, during six months the company has achieved 53% of annual target for unconsolidated sales and 52% 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
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: slapinsh@olainfarm.lv