October 15, 2015

Sales of Olainfarm in Nine Months Reaches 73 Million Euro

Preliminary consolidated results of AS Olainfarm for September, 2015 show that sales of the company during this period has reached 8.03 million euro, which represents a reduction by 5% compared to the same period of 2014.  The biggest sales increases were achieved in Ukraine, where sales grew by 77% and Uzbekistan, where sales grew by 60%. Significant shipments have also been made to Germany and Australia.  The major sales markets of AS “Olainfarm” during September were Russia, Latvia, Ukraine, Belarus, The Netherlands and Poland.

Sales of pharmacy chain of SIA Latvijas aptieka, fully owned by AS Olainfarm were 1.43 million euros, which represents an increase by 8% compared to the same period of 2014; 57 pharmacies were operating during September.  Sales of SIA Silvanols during September were 0.54 million euro, and this represents an increase by 15% compared to 2014.  Silvanols was selling its products in six European countries directly.  Sales to Kazakhstan were made via Olainfarm.

According to preliminary consolidated results for nine months of 2015, sales of AS Olainfarm during this period were 73.03 million euro, which represents an increase by 4% compared to nine months of 2014.  The most rapid sales increases in nine months were achieved in The Netherlands, where sales grew by 181%.  Major sales markets of AS Olainfarm in nine months of 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands.

Sales of pharmacies of SIA Latvijas Aptieka in nine months of 2105 were 12.2 million euro, which represents an increase by 10% compared to the same period of 2014.  Sales of SIA Silvanols in nine months of 2015 were 2.9 million euro, which is an increase by 22% compared to 2014. SIA Silvanols during this period made sales in 13 countries on two continents.  Sales to Kazakhstan and Azerbaijan were made via AS Olainfarm.

According to preliminary unconsolidated results, sales of AS Olainfarm during September 2015 were 6.87 million euro, which represents a reduction by 6% compared to the same period of 2014.  The biggest sales increases were achieved in Ukraine, where sales grew by 77%, Uzbekistan, where sales grew by 60%, and Lithuania, where sales grew by 24%.  During this month, significant shipments have also been made to Germany and Australia. Major sales markets of AS Olainfarm in September 2015 were Russia, Ukraine, Latvia, Belarus and The Netherlands.  During September 2015, products of AS Olainfarm were sold in 24 countries on five continents.

According to preliminary unconsolidated results for nine months of 2015, sales of AS Olainfarm during this period were 64.24 million euro, which represents