Olaine, 2014-10-15 15:11 CEST (GLOBE NEWSWIRE) --
| September 2014, consolidated sales | Share in total sales | Changes to September 2013 |
| Russia | 37% | 4% |
| Latvia | 24% | 23% |
| Ukraine | 8% | -41% |
| Belarus | 6% | -19% |
| Poland | 4% | 681% |
| The Netherlands | 4% | 2940% |
| Kazakhstan | 4% | 131% |
| Georgia | 2% | 358% |
| Tajikistan | 2% | 25% |
| Uzbekistan | 2% | 7% |
| Other | 8% | -31% |
| Total | 100% | 7% |
Sales of pharmacy chain of SIA “Latvijas aptieka” fully owned by AS „Olainfarm” in September were 1.32 million euro. 55 pharmacies were operating during this period. Sales of SIA “Silvanols” during this period were 0.47 million euro and the company was selling its products in 7 European countries.
During nine months of 2014, according to preliminary consolidated results, sales of AS “Olainfarm” were 70.2 million euro, which represents an increase by 32% compared to the same period of 2013. The most rapid sales increase was achieved in Poland, where sales increased by 714%. Sales to The Netherlands grew by 184%, sales to Ukraine by 119%, and sales to Lithuania grew by 94%. Major sales markets of AS “Olainfarm” in nine months of 2014 were Russia, Latvia, Ukraine and Belarus.
| 9 months of 2014, consolidated results | Share in total sales | Changes to 9 months of 2013 |
| Russia | 36% | 15% |
| Latvia | 22% | 22% |
| Ukraine | 15% | 119% |
| Belarus | 8% | 26% |
| The Netherlands | 3% | 184% |
| Kazakhstan | 2% | -11% |
| UK | 2% | 2% |
| Poland | 2% | 714% |
| Uzbekistan | 2% | 27% |
| Lithuania | 1% | 94% |
| Other | 7% | 12% |
| Total | 100% | 30% |
Sales of pharmacy chain of SIA “Latvijas aptieka” fully owned by AS „Olainfarm” in 9 months were 11.1 million euro. Sales of SIA “Silvanols” in nine months were 2.38 million euro and the company was selling its products in 9 European countries.
According to preliminary unconsolidated results for September 2014, sales of AS “Olainfarm” during this period were 7.27 million euro, which represents an increase by 10% compared to the same period one year ago. The biggest sales increase was achieved in The Netherlands, where sales grew by 2940%. Sales to Poland grew by 1015%; sales to Georgia grew by 358%, while sales to Kazakhstan grew by 131%. Major sales markets of AS “Olainfarm” in September 2014 were Russia, Latvia, Ukraine, Belarus and The Netherlands. During September 2014 products of AS „Olainfarm” were sold to 22 countries on 4 continents.
| September 2014, unconsolidated sales | Share in total sales | Changes to September 2013 |
| Russia | 43% | 4% |
| Latvia | 13% | 35% |
| Ukraine | 9% | -41% |
| Belarus | 7% | -19% |
| The Netherlands | 5% | 2940% |
| Poland | 4% | 1015% |
| Kazakhstan | 4% | 131% |
| Georgia | 2% | 358% |
| Tajikistan | 2% | 25% |
| Uzbekistan | 2% | 7% |
| Other | 8% | -17% |
| Total | 100% | 10% |
In nine months of 2104, according to preliminary unconsolidated results, the sales of AS “Olainfarm” were 61.04 million euro, which represents an increase by 32% compared to the same period one year ago. The biggest sales increase was achieved in Poland, where sales grew by 3186%. Sales to The Netherlands grew by 184%; sales to Ukraine grew by 119%, while sales to Tajikistan grew by 61%. According to preliminary unconsolidated results, the major sales markets of AS “Olainfarm” in nine months of 2014 were Russia, Ukraine, Latvia and Belarus. During 9 months of 2014 products of AS „Olainfarm” were sold to 32 countries on 5 continents.
| 9 months of 2014, unconsolidated sales | Share in total sales | Changes of 9 months of 2013 |
| Russia | 42% | 15% |
| Ukraine | 17% | 119% |
| Latvia | 11% | 33% |
| Belarus | 9% | 26% |
| The Netherlands | 3% | 184% |
| Kazakhstan | 3% | -11% |
| UK | 3% | 2% |
| Poland | 2% | 3186% |
| Uzbekistan | 2% | 27% |
| Tajikistani | 1% | 61% |
| Other | 8% | 9% |
| Total | 100% | 32% |
On April 29, 2014 an AGM of AS “Olainfarm” approved an operating plan of the company, providing that the unconsolidated sales target for 2014 is 80 million euro, while consolidated sales target for 2014 is 93 million euro. According to these preliminary sales results, in nine months of 2014 AS „Olainfarm” has met 76% on annual unconsolidated sales target and 75% of annual consolidated sales target.
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