Olaine, 2015-05-15 15:00 CEST (GLOBE NEWSWIRE) --
| April 2015, consolidated sales | Share in total sales | Changes to April 2014 |
| Russia | 38% | -21% |
| Latvia | 22% | 11% |
| Ukraine | 11% | -33% |
| Belarus | 8% | 8% |
| The Netherlands | 7% | 800% |
| Kazakhstan | 2% | -11% |
| Uzbekistan | 2% | 11% |
| Germany | 1% | NA |
| Kyrgyzstan | 1% | 129% |
| Turkmenistan | 1% | 37% |
| Other | 6% | 18% |
| Total | 100% | -3% |
Sales of pharmacy chain of SIA “Latvijas aptieka” in April 2015 was 1.4 million euros, which represents an increase by 11% compared to 2013. 58 pharmacies were during April. Sales of SIA “Silvanols” in April 2015 was 0.33 million euros, which represents an increase by 22% compared to 2014. In April SIA Silvanols started exporting to Austria and generally was selling its products in six European countries.
During four months of 2015, according to preliminary figures, consolidated sales of AS Olainfarm were 36.76 million euros, which represents an increase by 12% compared to similar period of 2014. The most rapid sales growth were achieved in the Netherlands, where sales grew by 203%. Sales to Kyrgyzstan grew by 129%, sales to Tajikistan grew by 88%, but sales to Kazakhstan grew by 58%. Major sales markets of AS Olainfarm in four months of 2015 were Russia, Latvia, Ukraine, The Netherlands and Belarus.
| 4 months of 2015, consolidated sales | Share in total sales | Changes to 4 months of 2014 |
| Russia | 37% | 10% |
| Latvia | 21% | 9% |
| Ukrain4 | 12% | -1% |
| The Netherlands | 8% | 203% |
| Belarus | 7% | -18% |
| Kazakhstan | 2% | 58% |
| UK | 2% | 0% |
| Kyrgyzstan | 1% | 129% |
| Tajikistan | 1% | 88% |
| Uzbekistan | 1% | -29% |
| Other | 7% | 4% |
| Total | 100% | 12% |
In four months of 2015, sales of pharmacy chain of SIA “Latvijas aptieka” was 5.6 million euros, which represents an increase by 10% compared to the same period one year ago. Sales of SIA Silvanols in four months of 2015 were 1.4 million euros, which represents and increase by 24% compared to first four months of 2014, when Silvanols’ sales equaled 1.13 million euros. During first four months of 2015, SIA Silvanols was exporting its products to 13 countries in two continents.
According to preliminary unconsolidated sales figures of AS Olainfarm, sales of the company during April 2015 were 8.08 million euros, which represents a reduction by 4% compared to the same period of 2014. The biggest sales increases were achieved in The Netherlands, where sales grew by 800%. Sales to Kyrgyzstan grew by 129%, sales to Turkmenistan grew by 37%, and significant shipments were made to Germany and exports started to Mongolia. Major sales markets of AS Olainfarm in April 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands. In total during April 2015, AS Olainfarm made its sales in 24 countries on three continents.
| April 2015, unconsolidated sales | Share in total sales | Changes to April 2014 |
| Russia | 43% | -21% |
| Latvia | 13% | 26% |
| Ukraine | 12% | -33% |
| Belarus | 9% | 8% |
| The Netherlands | 7% | 800% |
| Kazakhstan | 2% | -11% |
| Uzbekistan | 2% | 11% |
| Germany | 2% | NA |
| Kyrgyzstan | 2% | 129% |
| Turkmenistan | 1% | 37% |
| Other | 6% | 15% |
| Total | 100% | -4% |
According to preliminary results, during 4 months of 2015 unconsolidated sales of AS Olainfarm has reached 32.6 million euros, which represents an increase by 15% compared to the same period of 2014. The most rapid sales increases were achieved in The Netherlands, Kyrgyzstan, Tajikistan and Kazakhstan, where sales respectively grew by 203%, 129%, 88% and 58%. According to preliminary unconsolidated results the major sales markets of AS Olainfarm in four months of 2015 were Russia, Ukraine, Latvia, The Netherlands and Belarus. In total in four months of 2015 AS Olainfarm made sales to 33 countries in 5 continents.
| 4 months of 2015, unconsolidated sales | Share in total sales | Changes to 4 months of 2014 |
| Russia | 42% | 10% |
| Ukraine | 13% | -1% |
| Latvia | 13% | 38% |
| The Netherlands | 9% | 203% |
| Belarus | 8% | -18% |
| Kazakhstan | 3% | 58% |
| UK | 3% | 0% |
| Kyrgyzstan | 1% | 129% |
| Tajikistan | 1% | 88% |
| Uzbekistan | 1% | -29% |
| Other | 6% | -6% |
| Total | 100% | 15% |
According to preliminary estimates, the Company expects its unconsolidated sales of 2015 to reach 84 million euro, while its consolidated sales are expected to be at 100 million euro. Preliminary sales numbers published herein show that in 4 months of 2015 the company has attained 39% of its annual estimate of unconsolidated sales and 37% of its annual estimate of 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: Salvis.Lapins@olainfarm.lv