Olaine, 2015-11-16 18:12 CET (GLOBE NEWSWIRE) --
| October 2015, consolidated sales | Share in total sales | Changes to October 2014 |
| Russia | 26% | -41% |
| Latvia | 26% | 8% |
| Ukraine | 22% | 9094% |
| Belarus | 9% | 18% |
| Kazakhstan | 4% | 100% |
| Brazil | 2% | NA |
| Poland | 1% | -22% |
| Switzerland | 1% | 572% |
| Albania | 1% | 26% |
| Turkmenistan | 1% | -21% |
| Other | 7% | -59% |
| Total | 100% | 1% |
Sales of pharmacy chain of SIA “Latvijas Aptieka”, fully owned by AS Olainfarm, were 1.6 million euros in October. This represents an increase by 8%, compared to October 2014. 59 pharmacies were operating during this period. Sales of SIA Silvanols during October 2015 were 0.39 million euros, which represents a reduction by 3% compared to the same period one year ago. Silvanols sold its products to four European countries directly and to Belarus and Azerbaijan via system of Olainfarm.
According to preliminary consolidated results for ten months of 2015, sales of AS “Olainfarm” have reached 81.42 million euros, which represents an increase by 4% compared to the same period of 2014. The most rapid sales increase was achieved in The Netherlands, where sales grew by 181%. Major sales markets of AS Olainfarm during this period were Russia Ukraine, Latvia, Belarus and The Netherlands.
| 10 months of 2015, consolidated sales | Share in total sales | Changes to 10 months of 2014 |
| Russia | 33% | -8% |
| Ukraine | 13% | 3% |
| Latvia | 23% | 9% |
| Belarus | 7% | -5% |
| The Netherlands | 6% | 181% |
| Kazakhstan | 3% | 12% |
| UK | 2% | -7% |
| Uzbekistan | 1% | -4% |
| Tajikistan | 1% | 28% |
| Poland | 1% | -25% |
| Other | 9% | 8% |
| Total | 100% | 4% |
Sales of chain of pharmacies of SIA Latvijas Aptieka during ten months of 2015 were 13.8 million euros, which represents an increase by 10% compared to ten months of 2014. Sales of SIA Silvanols in ten months were 3.3 million euros, this represents an increase by 19% compared to same period of 2014, when it made sales of 2.78 million euros. During this period SIA Silvanols sold its products to 13 countries in two continents, and via system of Olainfarm to Belarus, Azerbaijan and Kazakhstan.
According to preliminary unconsolidated results, sales of AS Olainfarm during October 2015 were 7.24 million euros, which represents an increase by 7% compared to the same period of 2014. The biggest sales increase was achieved in Poland, where sales grew by 173 513%. Sales to Ukraine grew by 9094%, sales to Switzerland grew by 572%, but sales to Kazakhstan grew by 100%. During this period significant shipments were also made to Brazil. Major sales markets of AS Olainfarm during October 2015 were Russia, Ukraine, Latvia, Belarus and Kazakhstan. During October 2015, Olainfarm sold its products to 24 countries on three continents.
| October 2015, unconsolidated sales | Share in total sales | Changes to October 2014 |
| Russia | 30% | -41% |
| Ukraine | 25% | 9094% |
| Latvia | 15% | 5% |
| Belarus | 10% | 18% |
| Kazakhstan | 5% | 100% |
| Brazil | 2% | NA |
| Poland | 2% | 173513% |
| Switzerland | 1% | 572% |
| Albania | 1% | 26% |
| Turkmenistan | 1% | -21% |
| Other | 7% | -48% |
| Total | 100% | 7% |
According to preliminary unconsolidated results for ten months of 2015, sales of AS Olainfarm were 71.49 million euros, which represents an increase by 5% compared to the same period one year ago. The most rapid sales increase during this period was achieved in The Netherlands, where sales grew by 181%. Sales to Turkmenistan grew by 35%, sales to Tajikistan and Latvia grew by 28%. According to preliminary unconsolidated results, major sales markets of AS Olainfarm in ten months of 2015 were Russia, Ukraine, Latvia, Belarus and The Netherlands In total during this ten months period products of AS Olainfarm were sold to 42 countries on five continents
| 10 months of 2015, unconsolidated sales | Share in total sales | Changes to 10 months of 2014 |
| Russia | 38% | -8% |
| Ukraine | 15% | 3% |
| Latvia | 14% | 28% |
| Belarus | 8% | -5% |
| The Netherlands | 7% | 181% |
| Kazakhstan | 3% | 12% |
| UK | 2% | -7% |
| Uzbekistan | 2% | -4% |
| Tajikistan | 1% | 28% |
| Turkmenistan | 1% | 35% |
| Other | 9% | 1% |
| Total | 100% | 5% |
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 ten months of 2015, the company has attained 82% of annual target for unconsolidated sales and 81% 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