Sales of OlainFarm in June Reaches 4.75 Million La
Post# of 301275
Olaine 15.07.2013, 2013-07-15 15:34 CEST (GLOBE NEWSWIRE) --
| June 2013, consolidated results | Share in total sales | Changes to June 2012 |
| Russia | 32% | 18% |
| Ukraine | 16% | 27% |
| UK | 12% | 50% |
| Latvia | 20% | 20% |
| Belarus | 5% | -39% |
| Kazakhstan | 5% | 31% |
| Canada | 2% | NA |
| Turkmenistan | 1% | 434% |
| Lithuania | 1% | 10% |
| Georgia | 1% | -23% |
| Other | 5% | -42% |
| Total | 100% | 14% |
During the first six months of 2013 according to preliminary results total consolidated sales of AS “OlainFarm” were 24.43 million lats (34.76 million euro), which represents an increase by 8% compared to similar period of 2012. The most rapid sales increases were achieved in the Netherlands, where sales grew by 1982%, Spain, where sales grew by 233% and Canada, where sales grew by 198%. Major sales markets of AS “OlainFarm” during the first six months of 2013 were Russia, Latvia, Belarus, Ukraine and United Kingdom.
| Six months of 2013, consolidated results | Share in total sales | Changes to six months of 2012 |
| Russia | 41% | 26% |
| Latvia | 24% | 32% |
| Belarus | 8% | 33% |
| Ukraine | 6% | -63% |
| UK | 5% | -14% |
| Kazakhstan | 4% | 5% |
| Uzbekistan | 1% | 22% |
| The Netherlands | 1% | 1982% |
| Canada | 1% | 198% |
| Georgia | 1% | 2% |
| Other | 8% | 7% |
| Total | 100% | 8% |
Sales of pharmacies owned by AS “OlainFarm” during June 2013 were 0,73 million lats (1.04 million euro). Sales of pharmacies during six months of 2013 were 4.6 million lats (6.5 million euro). Meanwhile, sales of SIA “Silvanols”, a company AS “OlainFarm” holds a 70.88% ownership stake in, reached 0.13 million lats in June.
According to preliminary unconsolidated results of AS “OlainFarm”, sales made during June 2013 were 4.13 million lats (5.88 million euro), which represents an increase by 8% compared to similar period of 2012. The most rapid sales increases were achieved in Turkmenistan (growth by 434%), Latvia (growth by 59%) and United Kingdom (growth by 50%). According to unconsolidated results the major sales markets of AS “OlainFarm” in June 2013 were Russia, Ukraine, United Kingdom and Latvia.
| June 2013, unconsolidated results | Share in total sales | Changes to June 2012 |
| Russia | 37% | 18% |
| Ukraine | 18% | 27% |
| UK | 14% | 50% |
| Latvia | 9% | 59% |
| Belarus | 6% | -39% |
| Kazakhstan | 5% | 31% |
| Canada | 2% | NA |
| Turkmenistan | 1% | 434% |
| Georgia | 1% | -23% |
| Lithuania | 1% | 1% |
| Other | 5% | -50% |
| Total | 100% | 15% |
In six months of 2013 according to preliminary unconsolidated results the sales of AS “OlainFarm” have reached 20.98 million lats (29.85 million euro), which represents an increase by 8% compared to similar period of 2012. The most rapid sales increases during six months have been achieved in the Netherlands (growth by 1982%), and Canada (growth by 198%). According to preliminary unconsolidated results, the major sales markets of AS “OlainFarm” in six months of 2013.gada were Russia, Latvia, Belarus, Ukraine and United Kingdom.
| Six months of 2013, unconsolidated results | Share in total sales | Changes to six months of 2012 |
| Russia | 47% | 26% |
| Latvia | 11% | 87% |
| Belarus | 10% | 33% |
| Ukraine | 7% | -63% |
| UK | 5% | -14% |
| Kazakhstan | 5% | 5% |
| Uzbekistan | 2% | 22% |
| The Netherlands | 2% | 1982% |
| Canada | 1% | 198% |
| Georgia | 1% | 2% |
| Other | 9% | 5% |
| Total | 100% | 8% |
An Annual General Meeting of AS “OlainFarm” held on April 29, 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 six months of 2013, 41.9% of annual target of unconsolidated sales and 41.4% of annual target for consolidated sales have been achieved.
A/s OlainFarm is one of the biggest pharmaceutical companies in Latvia with 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 30 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 A/s „OlainFarm” Tel: +371 6 7013 717 e-mail: Salvis.Lapins@OlainFarm.lv
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