Olaine, 2016-08-15 17:11 CEST (GLOBE NEWSWIRE) --
| July 2016, consolidated sales | Sales, thsnd. EUR | Changes to July 2015 | Share in total sales |
| Russia | 3 564 | 46% | 35% |
| Latvia | 1 943 | 17% | 19% |
| Ukraine | 1 505 | 24% | 15% |
| The Netherlands | 587 | 151% | 6% |
| Belarus | 565 | 37% | 6% |
| Kazakhstan | 316 | 12% | 3% |
| Uzbekistan | 279 | 37% | 3% |
| Poland | 230 | 97% | 2% |
| Tajikistan | 151 | -28% | 2% |
| Turkmenistan | 124 | 39% | 1% |
| Other | 788 | 39% | 8% |
| Total | 10 052 | 35% | 100% |
Sales of pharmacy chain of SIA Latvijas aptieka in July 2016 were 1.38 million euros, which represents an increase by 6% compared to the same period one year ago. Fifty - eight pharmacies were operating during this period. Sales of green pharma company Silvanols during July 2016 were 0.32 million euros, which represents an increase by 100% compared to the same period of 2015. Products of SIA Silvanols during this period were sold to three European countries. Producer of elastic medical materials SIA Tonus Elast in July 2016 were 0.52 million euros, and its products were sold to 11 countries in three continents.
According to preliminary consolidated data, in seven months of 2016 sales of AS “Olainfarm” reached 63.58 million euros, which represents an increase by 9% compared to the same period of one year ago. The most rapid sales increase in seven months was achieved in Uzbekistan, where sales grew by 106%. Sales to Turkmenistan grew by 88%, sales to Ukraine grew by 45% and sales to Belarus grew by 39%. The major sales markets in seven months of 2016 were Russia, Latvia, Ukraine and Belarus.
| 7 months of 2016, consolidated sales | Sales, thsnd. EUR | Changes to 7 months of 2016 | Share in total sales |
| Russia | 19 583 | -1% | 31% |
| Latvia | 14 647 | 13% | 23% |
| Ukraine | 10 524 | 45% | 17% |
| Belarus | 5 276 | 39% | 8% |
| UK | 1 535 | 2% | 2% |
| Uzbekistan | 1 450 | 106% | 2% |
| Kazakhstan | 1 358 | -7% | 2% |
| The Netherlands | 1 090 | -74% | 2% |
| Turkmenistan | 1 067 | 88% | 2% |
| Poland | 938 | 6% | 1% |
| Other | 6 109 | 18% | 10% |
| Total | 63 577 | 9% | 100% |
Sales of pharmacy chain of SIA Latvijas aptieka in seven months of 2016 were 10.8 million euros, which represents an increase by 14% compared to the same period one year ago. Sales of green pharma company Silvanols during July 2016 were 2.7 million euros, which represents an increase by 23% compared to the same period of 2015. Products of SIA Silvanols during this period were sold to eleven European countries and with mediation of AS Olainfarm, also to Albania, Kosovo, Azerbaijan, Kazakhstan, Belarus and Russia. Producer of elastic medical materials SIA Tonus Elast in two months of 2016 were 1.37 million euros.
According to preliminary unconsolidated figures, sales of AS Olainfarm in July 2016 were 8.54 million euros, which represents an increase by 28% compared to the same period of 2015. The biggest sales increase was achieved in The Netherlands, where the sales grew by 151%. Sales to Poland increased by 97%, but sales to Turkmenistan increased by 39%. The biggest sales markets were Russia, Ukraine, Latvia, The Netherlands and Belarus. In total, during July 2016, products of AS Olainfarm were sold to 26 countries in three continents.
| July 2016, unconsolidated sales | Sales, thsnd. EUR | Changes to July 2015 | Share in total sales | |
| Russia | 3 359 | 37% | 39% | |
| Ukraine | 1 505 | 24% | 18% | |
| Latvia | 868 | -7% | 10% | |
| The Netherlands | 587 | 151% | 7% | |
| Belarus | 565 | 37% | 7% | |
| Uzbekistan | 279 | 37% | 3% | |
| Kazakhstan | 256 | -10% | 3% | |
| Poland | 230 | 97% | 3% | |
| Tajikistan | 151 | -28% | 2% | |
| Turkmenistan | 124 | 39% | 1% | |
| Other | 614 | 19% | 7% | |
| Total | 8 538 | 28% | 100% | |
According to unconsolidated preliminary figures, in seven months of 2016 sales of AS Olainfarm were 54.71 million euros, which represents an increase by 6% compared to the same period of 2015. The most rapid sales increase was achieved in Poland, where sales grew by 161%. Sales to Uzbekistan grew by 106% and sales to Turkmenistan grew by 88%. Major sales markets of AS Olainfarm in seven months of 2016 were Russia, Ukraine, Latvia and Belarus. In total in seven months of 2016 products of AS Olainfarm were sold to 38 countries in four continents.
| 7 months of 2016, unconsolidated sales | Sales, thsnd. EUR | Changes to 7 months of 2015 | Share in total sales |
| Russia | 19 182 | -3% | 35% |
| Ukraine | 10 440 | 44% | 19% |
| Latvia | 7 637 | 7% | 14% |
| Belarus | 5 265 | 38% | 10% |
| UK | 1 507 | 0% | 3% |
| Uzbekistan | 1 450 | 106% | 3% |
| Kazakhstan | 1 215 | -17% | 2% |
| The Netherlands | 1 090 | -74% | 2% |
| Turkmenistan | 1 067 | 88% | 2% |
| Poland | 721 | 161% | 1% |
| Other | 5 138 | 6% | 9% |
| Total | 54 712 | 6% | 100% |
General meeting of shareholders of AS Olainfarm held on June 7, 2016 approved operating plan of the company, providing that unconsolidated sales of the company in 2016 will reach 86 million euros, while consolidated sales of the company will reach 100 million euros. According to these preliminary sales numbers, in seven months of 2016 the company has met 64% of annual target for unconsolidated sales and 64% 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
