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Sales of Olainfarm in July Reaches 3.86 Million Lats

on August 15, 2013

Preliminary consolidated sales figures of JSC Olainfarm for July show that sales have reached 3.86 million lats (5.5 million euro), which is 5% less than a year ago. The biggest sales increases were achieved in Belarus (growth by 600%) and Kazakhstan (growth by 109%). Major sales markets of JSC Olainfarm during July 2013 were Russia, Ukraine and Latvia.

July 2013, consolidated results Share in total sales Changes to July 2012
Russia 44% 0%
Latvia 25% 30%
Ukraine 12% -60%
Belarus 5% 600%
The Netherlands 3% NA
Kazakhstan 2% 109%
Uzbekistan 2% -52%
India 1% 11%
Turkmenistan 1% NA
Poland 1% -7%
Other 3% 15%
Total 100% -5%

 

During the first seven months of 2013 according to preliminary results total consolidated sales of JSC Olainfarm were 28.1 million lats (40 million euro), which represents an increase by 5% compared to similar period of 2012. The most rapid sales increases were achieved in the Netherlands, where sales grew by 2636%, Spain, where sales grew by 240% and Canada, where sales grew by 198%. Major sales markets of JSC Olainfarm during the first seven months of 2013 were Russia, Latvia, Belarus, Ukraine and United Kingdom.

 

Seven months of 2013, consolidated results Share in total sales Changes to seven months of 2012
Russia 41% 21%
Latvia 24% 31%
Belarus 8% 42%
Ukraine 6% -66%
UK 4% -14%
Kazakhstan 4% 10%
The Netherlands 2% 2636%
Georgia 1% 19%
Canada 1% 198%
Spain 1% 240%
Other 8% -1%
Total 100% 5%

 

Sales of pharmacies owned by JSC Olainfarm during July 2013 were 0.76 million lats (1.08 million euro). Sales of pharmacies during seven months of 2013 were 5.3 million lats (7.5 million euro). Meanwhile, sales of Silvanols Ltd., a company JSC Olainfarm holds a 70.88% ownership stake in, reached 0.13 million lats in July.

According to preliminary unconsolidated results of JSC Olainfarm, sales made during July 2013 were 3.24 million lats (4.61 million euro), which represents an decrease by 9% compared to similar period of 2012. The most rapid sales increases were achieved in Georgia (growth by 1614%), Belarus (growth by 600%) and Latvia (growth by 67%). According to unconsolidated results the major sales markets of JSC Olainfarm in July 2013 were Russia, Ukraine, Latvia and Belarus.

 

July 2013, unconsolidated results Share in total sales Changes to July 2012
Russia 52% 0%
Ukraine 14% -60%
Latvia 13% 67%
Belarus 6% 600%
The Netherlands 3% NA
Kazakhstan 3% NA
Uzbekistan 2% -52%
India 2% 11%
Turkmenistan 1% NA
Georgia 1% 1614%
Other 2% -52%
Total 100% -9%

 

In seven months of 2013 according to preliminary unconsolidated results the sales of JSC Olainfarm have reached 24 million lats (34.15 million euro), which represents an increase by 4% compared to similar period of 2012. The most rapid sales increases during seven months have been achieved in the Netherlands (growth by 2636%), and Spain (growth by 240%). According to preliminary unconsolidated results, the major sales markets of JSC Olainfarm in seven months of 2013 were Russia, Latvia, Belarus, Ukraine and the United Kingdom.

 

Seven months of 2013, unconsolidated results Share in total sales Changes to seven months of 2012
Russia 48% 21%
Latvia 12% 84%
Belarus 9% 42%
Ukraine 8% -66%
UK 5% -14%
Kazakhstan 4% 10%
The Netherlands 2% 2636%
Georgia 1% 19%
Canada 1% 198%
Spain 1% 240%
Other 9% -5%
Total 100% 4%

 

An Annual General Meeting of JSC Olainfarm held on April 12, approved operating plan of the company for 2013, according to which the target of 50 million lats (71.1 million euro)  was set for unconsolidated sales and target of 59 million lats (83.9 million euro) was set for consolidated sales. According to these preliminary results in seven months of 2013, 48% of annual target of unconsolidated sales and 56% of annual target for consolidated sales have been achieved.

 

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 July Reaches 3.86 Million Lats