Olaine, 2015-09-15 15:40 CEST (GLOBE NEWSWIRE) --
| August 2015, consolidated sales | Share in total sales | Changes to August 2014 |
| Russia | 39% | 13% |
| Latvia | 24% | 12% |
| Belarus | 13% | 18% |
| Ukraine | 5% | -72% |
| The Netherlands | 5% | 135% |
| Turkmenistan | 3% | 204% |
| Kazakhstan | 2% | -40% |
| Uzbekistan | 2% | NA |
| India | 2% | 766% |
| Lithuania | 1% | 114% |
| Other | 3% | -49% |
| Total | 100% | 0% |
Sales of pharmacy chain of SIA Latvijas aptieka during August 2105 were 1.25 million euros, which represents an increase by 10% compared to the same period one year ago. 58 pharmacies were operating during this period. Sales of SIA Silvanols during this period were 0.23 million euros, which represents an increase by 64% compared to August 2014. SIA Silvanols made its sales in seven European countries.
According to preliminary consolidated figures, sales of AS Olainfarm” in eight months of this year were 64.97 million euros, which represents a 5% increase compared to eight months of 2014. The most rapid sales increase during this period was achieved in The Netherlands, where sales increased by 218%, and in Tajikistan, where sales grew by 70%. Major sales market of AS Olainfarm in eight months of 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands.
| Eight months of 2015, consolidated sales | Share in total sales | Changes to eight months of 2014 |
| Russia | 34% | 0% |
| Latvia | 22% | 9% |
| Ukraine | 12% | -21% |
| Belarus | 7% | -7% |
| The Netherlands | 7% | 218% |
| Kazakhstan | 3% | 17% |
| UK | 2% | -9% |
| Tajikistan | 1% | 70% |
| Uzbekistan | 1% | -15% |
| Lithuania | 1% | 19% |
| Other | 9% | 17% |
| Total | 100% | 5% |
Sales of pharmacy chain of SIA Latvijas aptieka in eight months were 10.8 milion euros, which represents an increase by 11%compared to the same period one year ago. Sales of SIA Silvanols in eight months totaled 2.4 million euros, which represents an increase by 26% compared to eight months of 2014, when Silvanols made sales worth 1.9 million euros. SIA Silvanols made its sales in 12 countries on two continents.
According to preliminary unconsolidated results, sales of AS Olainfarm in August 2015 were 5.84 million euros, which is an increase by 1% compared to the same period one year ago. The biggest sales increase was achieved in India, where sales increased by 766%. Sales to Lithuania increased by 233%, Sales to Turkmenistan grew by 204%, but sales to The Netherlands grew by 135%. During August 2015, significant shipments were also made to Uzbekistan. Major sales markets of AS Olainfarm in August 2015 were Russia, Latvia, Belarus, Ukraine and The Netherlands. During August 2015, AS Olainfarm made sales in 16 countries in Europe, Asia and North America.
| August 2015, unconsolidated sales | Share in total sales | Changes to August 2014 |
| Russia | 45% | 13% |
| Latvia | 15% | 32% |
| Belarus | 15% | 18% |
| Ukraine | 6% | -72% |
| The Netherlands | 5% | 135% |
| Turkmenistan | 3% | 204% |
| Kazakhstan | 3% | -40% |
| Uzbekistan | 2% | NA |
| India | 2% | 766% |
| Lithuania | 2% | 233% |
| Other | 2% | -63% |
| Total | 100% | 1% |
According to preliminary unconsolidated results, sales of AS Olainfarm in eight months of 2015 were 57.36 million euros, which represents an increase by 7% compared to similar period of 2014. The most rapid sales increase was achieved in The Netherlands, where sales grew by 218%. Sales to Tajikistan grew by 70%, but sales to Latvia grew by 32%. According to preliminary unconsolidated results, the major sales markets of AS “Olainfarm” in eight months of 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands. In total during eight months AS Olainfarm made its sales in 38 countries in Europe, Asia, The Americas and Australia..
| Eight months of 2015, unconsolidated results | Share in total sales | Changes to 8 months of 2014 |
| Russia | 39% | 0% |
| Latvia | 14% | 32% |
| Ukraine | 13% | -21% |
| Belarus | 8% | -7% |
| The Netherlands | 8% | 218% |
| Kazakhstan | 3% | 17% |
| UK | 3% | -9% |
| Tajikistan | 2% | 70% |
| Uzbekistan | 1% | -15% |
| Lithuania | 1% | 9% |
| Other | 8% | 12% |
| Total | 100% | 7% |
Annual General Meeting of shareholders of JSC Olainfarm, held on June 11, 2015 approved operating plan of the company, according to which the unconsolidated sales of the Company in 2015 will reach 87 million euros, while consolidated sales will reach 100 million euro. According to these preliminary sales figures, in eight months of 2015, the Company has attained 66% of annual target for unconsolidated sales and 65% 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: Salvis.Lapins@olainfarm.lv