News

Sales of Olainfarm in October Increase by 99%

on November 15, 2012

Preliminary figures on consolidated sales of JSC Olainfarm during October 2012 show that sales have increased by 99% compared to the same period a year ago and have reached 6.01 million lats (8.55 million euros). The biggest sales increases were achieved in Latvia (by 358%) and Ukraine (by 285%).  Major sales markets of  JSC Olainfarm during October 2012 were Russia, Ukraine, Latvia and the UK.

 

October 2012,   consolidated sales Share in total   sales Changes to October   2011
Russia 34% 70%
Ukraine 27% 285%
Latvia 16% 358%
UK 6% 100%
Kazakhstan 4% 72%
Belarus 4% -23%
Uzbekistan 3% NA
Georgia 1% 56%
Bulgaria 1% 113%
Tajikistan 1% 134%
Other 3% -60%
Total 100% 99%

 

In ten months of 2012, according to preliminary consolidated results sales of JSC Olainfarm were 41.08 million lats (58.45 million euros) which represents an increase by 37% compared to the same period of 2011. The most rapid sales increases were achieved in Taiwan, where sales grew 9 times, sales to Latvia grew fourfold, sales to the UK doubled, and sales to Uzbekistan grew by 36%, while sales to Russia grew by 34%. Major sales markets of JSC Olainfarm during 10 months of 2012 were Russia, Ukraine, Latvia, Belarus, the UK and Kazakhstan.

 

10 months of 2012,   consolidated sales Share in total   sales Changes to 10   months of 2011
Russia 37% 34%
Ukraine 21% 6%
Latvia 19% 317%
Belarus 5% -13%
UK 5% 100%
Kazakhstan 4% 13%
Uzbekistan 2% 36%
Taiwan 1% 825%
Georgia 1% 5%
Lithuania 1% 3%
Other 6% -15%
Total 100% 37%

 

Sales of pharmacies owned by JSC Olainfarm during October were 0.7 million lats (.99 million euros). In ten months of 2012 sales of pharmacies owned by JSC Olainfarm were  5.82 million lats (8.28 million euros).

According to unconsolidated sales figures of JSC Olainfarm, its sales in October 2012 were 5.44 million lats (7.74 million euros), which is an increase by 80% compared to the same period one year ago. The most rapid sales increases were achieved in Ukraine (by 285%), Tajikistan (by 134%), Bulgaria (by 113%), the UK (by 100%), Latvia (by 85%), Kazakhstan (by 72%) and Russia, where sales grew by 70%. According to unconsolidated results, major sales markets of JSC Olainfarm in October 2012 were Russia, Ukraine, Latvia and the UK.

 

October 2012,   unconsolidated sales Share in total   sales Changes to October   2011
Russia 37% 70%
Ukraine 30% 285%
Latvia 7% 85%
UK 7% 100%
Kazakhstan 4% 72%
Belarus 4% -23%
Uzbekistan 3% NA
Georgia 1% 56%
Bulgaria 1% 113%
Tajikistan 1% 134%
Other 4% -60%
Total 100% 80%

 

In ten months of 2012 according to preliminary results the sales of JSC Olainfarm were 35.81 million lats (50.95 million euros), this represents an increase by 20% compared to the same period of 2011. The most rapid sales increase during ten months of this year were achieved in Taiwan, where sales increased 9 times, and the UK, where sales doubled. According to preliminary unconsolidated results major sales markets of JSC Olainfarm in ten months of 2012 were Russia, Ukraine, Belarus, the UK and Kazakhstan.

 

10 months of 2012,   unconsolidated results Share in total   sales Changes to 10   months of 2011
Russia 42% 34%
Ukraine 24% 6%
Latvia 7% 31%
Belarus 6% -13%
UK 5% 100%
Kazakhstan 4% 13%
Uzbekistan 2% 36%
Taiwan 1% 825%
Georgia 1% 5%
Lithuania 1% 3%
Other 7% -15%
Total 100% 20%

 

Sales forecasts of JSC Olainfarm for 2012 provide that unconsolidated sales in 2012 will reach 40 million lats (56.91 million euro), but consolidated sales will reach 48 million lats (68.3 million euro). According to these preliminary unconsolidated sales figures, in ten months of 2012 nearly 90% of annual target for unconsolidated sales and nearly 86% 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 October Increase by 99%