News

Sales of Olainfarm in 8 Months Increase by 34%

on September 15, 2014

According to preliminary consolidated sales results of  JSC Olainfarm for August 2014, company’s sales have reached 6.68 million euro, which represents an increase by 7% compared to the same period one year ago.  The biggest sales increases were achieved in Azerbaijan, where sales grew by 303%, while sales to Lithuania grew by 83%.  During August 2014 significant shipments have also been made to The Netherlands and Turkmenistan.  Major sales markets of JSC Olainfarm in August 2014 were Russia, Latvia, Ukraine and Belarus.

August 2014, consolidated sales Share in total sales Changes to August 2013
Russia 35% -12%
Latvia 22% 8%
Ukraine 19% 27%
Belarus 11% 27%
Kazakhstan 4% 7%
The Netherlands 2% NA
Azerbaijan 2% 303%
Moldova 1% 24%
Turkmenistan 1% NA
Lithuania 1% 83%
Other 3% -38%
Total 100% 7%

 

Latvijas aptieka LTD, a pharmacy chain fully owned by JSC Olainfarm in August 2014 made the monthly sales of 1.14 million euro.  54 pharmacies were operating during this period.  Sales of Silvanols LTD in August were 0.14 million euro.

In eight months of 2014 according to preliminary consolidated data, the sales of JSC Olainfarm were 61.7 million euro, which represents an increase by 34% compared to the respective period of 2013.  The most rapid sales increases were achieved in Poland, where sales grew by 725%, sales to Ukraine grew by 170%, sales to The Netherlands grew by 135%, but sales to Lithuania grew by 83%.  The biggest sales markets of JSC Olainfarm in eight months of 2014 were Russia, Latvia, Ukraine and Belarus.

Eight months of 2014, consolidated sales Share in total sales Changes to 8 months of 2013
Russia 36% 17%
Latvia 22% 22%
Ukraine 16% 170%
Belarus 8% 34%
UK 3% 2%
The Netherlands 2% 135%
Kazakhstan 2% -22%
Poland 2% 725%
Uzbekistan 2% 30%
Lithuania 1% 83%
Other 7% 22%
Total 100% 34%

 

Latvijas aptieka LTD, a pharmacy chain fully owned by JSC Olainfarm in eight months of 2014 made the sales of 9.74 million euro. Sales of Silvanols LTD in eight months were 1.9 million euro.

According to preliminary unconsolidated sales results of Olainfarm JSC for August 2014, the sales during this month were worth 5.79 million euro, which represents an increase by 7% compared to the same period one year ago.  The biggest sales increases were achieved in Azerbaijan, where sales grew by 303%, while sales to Ukraine and Belarus grew by 27%.  Also during this period significant shipments have been made to The Netherlands and Turkmenistan.  The biggest markets of JSC Olainfarm during august 2014 were Russia, Ukraine, Belarus and Latvia.  During August, 2014  JSC Olainfarm made sales to 18 countries on 3 continents.

August 2104, unconsolidated sales Share in total sales Changes to August 2013
Russia 40% -12%
Ukraine 21% 27%
Belarus 13% 27%
Latvia 12% 20%
Kazakhstan 5% 7%
The Netherlands 2% NA
Azerbaijan 2% 303%
Moldova 1% 24%
Turkmenistan 1% NA
Kyrgyzstan 1% -45%
Other 2% -59%
Total 100% 7%

 

In eight months of 2014 according to preliminary unconsolidated data, the sales of JSC Olainfarm were 53.76 million euro, which represents an increase by 36% compared to the respective period of 2013.  The most rapid sales increases were achieved in Poland, where sales grew by 11926%, sales to Ukraine grew by 170%, sales to The Netherlands grew by 135%, but sales to Tajikistan by 77%.  The biggest sales markets of JSC Olainfarm in eight months of 2014 were Russia, Ukraine, Latvia and Belarus. In total during eight months of 2014, JSC Olainfarm has made sales to 32 countries on five continents.

8 months of 2014, unconsolidated sales Share in total sales Changes to 8 months of 2013
Russia 41% 17%
Ukraine 18% 170%
Latvia 11% 33%
Belarus 9% 34%
UK 3% 2%
The Netherlands 3% 135%
Kazakhstan 3% -22%
Uzbekistan 2% 30%
Poland 2% 11926%
Tajikistan 1% 77%
Other 7% 10%
Total 100% 36%

 

On April 29, 2014 an AGM of JSC 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 eight months of 2014 JSC Olainfarm has met 67% on annual unconsolidated sales target and 66% 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
Member of the Board
JSC Olainfarm
Tel: +371 6 7013 717
Cell: +371 2 6448 873
E-mail: slapinsh@olainfarm.lv

 

 

 

SigitaSales of Olainfarm in 8 Months Increase by 34%