Olaine, April 15, 2015

March Sales of Olainfarm Increase By 36%

Preliminary consolidated sales results of AS Olainfarm show that the sales have reached 8.7 million euro, which represents an increase by 36% compared to the same period one year ago.  The biggest sales increases were achieved in The Netherlands, where sales grew by 594%.  Sales to Tajikistan grew by 227%, but sales to Kazakhstan grew by 144%.  Significant shipments have also been made to Papua New Guinea and Turkmenistan. The major sales markets of AS “Olainfarm” during March were Russia, Latvia, The Netherlands and Belarus.

Sales of pharmacy chain of SIA Latvijas aptieka in March 2015 were 1.44 million euro, which represents an increase by 9% compared to the March of 2014.  57 pharmacies were operating during this period.  Sales of SIA Silvanols in March 2015 was 0.29 million euros, which represents an increase by 7%, compared to similar period one year ago. During March 2015 SIA Silvanols was selling its products in eight European countries.

According to preliminary consolidated results the sales of AS Olainfarm during the first quarter of 2015 was 27.65 million euro, which represents an increase by 18% compared to the first quarter of 2014.  The most rapid sales increases were achieved in Tajikistan, where sales grew by 173%, The Netherlands, where sales grew by 157%, Kyrgyzstan, where sales grew by 129% and Kazakhstan, where sales grew by 106%.  Major sales markets of AS Olainfarm during the first quarter of 2015 were Russia, Latvia, Ukraine, The Netherlands and Belarus.

Sales of pharmacy chain of SIA Latvijas aptieka during the first quarter of 2015 were 4.22 million euro.  Sales of SIA Silvanols during this period were 1.1 million euro, and sales were made to 12 European countries.

According to preliminary unconsolidated sales results of AS Olainfarm for March 2015, the sales were 7.72 million euro, which represents an increase by 45% compared to the same period one year ago  The biggest sales increases were achieved in The Netherlands, where sales grew by 594%.  Sales to Tajikistan grew by 227%, but sales to Kazakhstan grew by 144%.  Significant shipments during this period were also made to Papua New Guinea and Turkmenistan.  Major sales markets of AS Olainfarm during March 2015 were Russia, The Netherlands, Latvia, Belarus, Ukraine and Kazakhstan.  In total during Marchs 2015, products of AS Olainfarm were sold to 24 countries in five continents.

According to preliminary unconsolidated sales figures of AS Olainfarm for three months of 2015, the sales during this period were 24.57 million euro, which represents an increase by 23% compared to the same period one year ago.  The most rapid sales increases were achieved in Tajikistan, The Netherlands, Kyrgyzstan and Kazakhstan, where sales respectively grew by 173%, 157%, 129% and 106%.  According to preliminary unconsolidated sales results, the major sales markets of AS Olainfarm in three months of 2015 were Russia, Ukraine, Latvia, The Netherlands and Belarus.  In total, during three months of 2015 products of AS Olainfarm were sold in 31 countries in 5 continents.