News

June Sales of Olainfarm Increase by 37%

on July 15, 2015

Preliminary consolidated sales results of JSC Olainfarm for June 2015 show that sales have reached 7.17 million euros, which represents an increase by 37% compared to the same period one year ago. The biggest sales increases were achieved in Georgia, where sales grew by 3346% and in Ukraine, where sales grew by 431%. Sales to Turkmenistan grew by 76%, but sales to Tajikistan grew by 71%. Significant shipments have also been made to UK and Germany. Biggest sales markets of JSC Olainfarm during June 2015 were Russia, Latvia, Ukraine, UK and Belarus.

June 2015, consolidated sales Share in total sales Changes to June 2014
Russia 25% 31%
Latvia 23% 11%
Ukraine 17% 431%
UK 9% NA
Belarus 6% -36%
Tajikistan 3% 71%
Germany 2% NA
Georgia 2% 3346%
Turkmenistan 2% 76%
Kazakhstan 1% -67%
Other 10% -26%
Total 100% 37%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. fully owned by JSC Olainfarm were 1.32 million euros, which represents an increase by 16% compared to the same period of 2014.  Fifty-eight pharmacies were operating during this period.  Sales of Silvanols Ltd. in June 2015 were 0.38 million euros, which represents an increase by 65%, compared to sales made in June 2014. During May Silvanols Ltd. was selling its products to nine European countries.

In six months of 2015, according to preliminary consolidated results, sales of JSC Olainfarm were 51.05 million euros, which represents an increase by 5% compared to the same period of 2014.  The most rapid sales increases in this period were achieved in The Netherlands, where sales grew by 209%, sales to Tajikistan grew by 46%. The biggest sales markets of JSC Olainfarm during the first six months of 2015 were Russia, Latvia, Ukraine, The Netherlands and Belarus.

6 months of 2015, consolidated sales Share in total sales Changes to 6 months of 2014
Russia 34% 5%
Latvia 22% 10%
Ukraine 12% -20%
The Netherlands 8% 209%
Belarus 7% -20%
UK 3% -10%
Kazakhstan 2% 15%
Tajikistan 1% 46%
Uzbekistan 1% -49%
Lithuania 1% 7%
Other 9% 12%
Total 100% 5%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. in six months were 8.24 million euros, which represents an 11% increase compared to six months of 2014. Sales of Silvanols Ltd. in six months of 2015 were 2 million euros, which means an increase by 31% compared to six months of 2014, when Silvanols Ltd. made sales of 1.523 million euros. In six months of 2015, Silvanols Ltd. made sales to 11 countries on two continents.

According to unconsolidated sales results of JSC Olainfarm, sales of the company in June 2015 were 6.17 million euro, which represents an increase by 42% compared to the same period one year ago. The biggest sales increases were achieved in Georgia, where sales grew by 2539% and in Ukraine, where sales grew by 431%. Sales to Turkmenistan grew by 76%, but sales to Tajikistan grew by 71%. Significant shipments were also made to UK and Germany. The major sales markets of JSC Olainfarm in June 2015 were Russia, Ukraine, Latvia, UK and Belarus. In total during June 2015, JSC Olainfarm sold its products in 21 countries on three continents.

June 2015, unconsolidated sales Share in total sales Changes to June 2014
Russia 29% 31%
Ukraine 20% 431%
Latvia 15% 32%
UK 11% NA
Belarus 7% -36%
Tajikistan 4% 71%
Germany 2% NA
Turkmenistan 2% 76%
Kazakhstan 2% -67%
Georgia 2% 2539%
Other 8% -42%
Total 100% 42%

 

In six months of 2015, according to preliminary unconsolidated results, the sales of JSC Olainfarm were 45.02 million euros, which represents an increase by 6% compared to the respective period of 2014. The most rapid sale increases were achieved in The Netherlands, Kyrgyzstan, Tajikistan and Latvia, where sales respectively grew by 209%, 60%, 46% and 36%. According to preliminary unconsolidated sales results, the major sales markets of JSC Olainfarm in six months of 2015 were Russia, Ukraine, Latvia, the Netherlands and Belarus. In total in six months of 2015, JSC Olainfarm sold its products in 37 countries on five continents.

6 months of 2015, unconsolidated sales Share in total sales Changes to 6 months of 2014
Russia 38% 5%
Ukraine 14% -20%
Latvia 14% 36%
The Netherlands 9% 209%
Belarus 8% -20%
UK 3% -10%
Kazakhstan 3% 15%
Tajikistan 1% 46%
Uzbekistan 1% -49%
Kirgizstan 1% 60%
Other 8% -2%
Total 100% 6%

 

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 six months of 2015, the Company has attained 52% of annual target for unconsolidated sales and 51% 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
Member of the Board
JSC Olainfarm
Tel: +371 6 7013 717
Cell: +371 2 6448 873
E-mail: slapinsh@olainfarm.lv

SigitaJune Sales of Olainfarm Increase by 37%