Olaine, March 17, 2014

Sales of „Olainfarm” in February increase by 47%

Preliminary consolidated results of AS “Olainfarm” for February show that sales of the company have reached 7.31 million euro, which represents an increase by 47% compared to the same period one year ago.  The biggest sales increases were achieved in Ukraine, where sales grew by 733347% and Turkmenistan, where sales grew by 554%.  It should be noted however, that such impressive growth in Ukraine appears because in February were very insignificant.  Sales to Latvia have grown by 29%, while sales to Russia increased by 21%.  Major sales markets of AS “Olainfarm” in February 2014 were Russia, Latvia, Ukraine, Belarus, UK and The Netherlands.  During February 2014, AS „Olainfarm” has also made significant shipments to Poland and Bulgaria.

In two months of 2014, according to preliminary figures, consolidated sales of AS “Olainfarm” were 16.97 million euro, which represents an increase by 33% compared to the respective period of 2013.  The most rapid sales increases have been achieved in Spain, where sales grew by 843%, sales to Ukraine grew by 93% and sales to Belarus grew by 45%.  Major sales markets of AS “Olainfarm” in two months of 2014 were Russia, Latvia, Ukraine, Belarus, UK and The Netherlands.

Sales of SIA “Latvijas aptieka”, a pharmacy chain owned by AS „Olainfarm” in February 2014 were 1.24 million euro.  There were 55 pharmacies operating in February.  Sales of SIA “Silvanols” in February 2014 were 0.31 million euro.

Sales of SIA “Latvijas aptieka”, a pharmacy chain owned by AS „Olainfarm” in two months of 2014 were 2.5 million euro.  Sales of SIA „Silvanols” during the same period were 0.6 million euro.

According to unconsolidated preliminary results of AS “Olainfarm”, sales of the company in February were 6.28 million euro, which represents an increase by 50% compared to the same period one year ago.  The biggest sales increase was achieved in Ukraine, where sales grew by 733347%.  Sales to Turkmenistan grew by 554%, sales to Latvia grew by 39%, and sales to Russia grew by 21%.  Major sales markets of AS “Olainfarm” in February 2014 were Russia, Ukraine, Belarus, Latvia, k and the Netherlands.  In total during February sales to 25 countries have been made.

According to preliminary figures, during two months of 2014 volume of unconsolidated sales of AS “Olainfarm” was 14.71 million euro, which represents an increase by 31% compared to the respective period one year ago.  The most rapid sales increases were achieved to Spain and Ukraine, where sales grew by 843% and 93% respectively.  According to preliminary unconsolidated results, major sales markets of AS “Olainfarm” in two months of 2014 were Russia, Ukraine, Belarus, Latvia, UK and The Netherlands. During these two months AS „Olainfarm” has been selling its products to 29 countries.