Olaine, October 17, 2016

Olainfarm’s Sales in September Are 8.21 Million Euros

Preliminary consolidated results of AS Olainfarm for September 2016 show that sales of the company have reached 8.21 million euros, which represents an increase by 2% compared to the same period one year ago. The major sales increase has been achieved in Kazakhstan, where sales grew by 281%.  Sales to Tajikistan grew by 188%, but sales to Spain grew by 102%.  During September, significant shipments have also been made to the UK and Denmark.  Major sales markets during this period were Latvia, Russia, Ukraine, The Netherlands and Belarus.

Sales of pharmacy chain of SIA Latvijas aptieka in September 2016 were 1.6 million euros, which represents an increase by 12% compared to September 2015. Sixty-two pharmacies were operating during this period.  Sales of SIA Silvanols in September 2016 were .63 million euros, which is an increase by 17% compared to its sales in September of last year. SIA Silvanols sold its products to four European countries and with the help of AS Olainfarm also to Russia, Lithuania and Kazakhstan.  Sales of Tonus Elast in September were 0.53 million euros, and the company sold its products to 16 countries in three continents.

According to preliminary consolidated numbers for nine months of 2016, sales of AS Olainfarm have reached 78.51 million euros, which represents an increase by 8% compared to nine months period of 2015.  The biggest sales increase in nine months was achieved in Uzbekistan, where sales grew by 72%.  Sales to Turkmenistan and Ukraine grew by 38% each and sales to UK grew by 24%.  Major sales markets during this period were Russia, Latvia, Ukraine and Belarus.

Sales of pharmacy chain of SIA Latvijas aptieka in nine months were 13.9 million euros, which is an increase by 14% compared to same period of 2015.  Sales of SIA Silvanols in nine months of 2016 were 3.68 million euros, which represents an increase by 27% compared to nine months of last year, when Silvanols’ sales were 2.9 million euros. Products of SIA Silvanols were sold to eleven European countries and with the help of AS Olainfarm, also to Albania, Kosovo, Azerbaijan, Kazakhstan, Belarus and Russia. Sales of SIA Tonus Elast in four months was 2.66 million euros, its products were sold to 30 countries in four continents.

According to unconsolidated preliminary results, sales of AS Olainfarm in September 2016 were 6.47 million euro, which represents a reduction by 6% compared to the same period of 2015.  The biggest sales increase was achieved in Kazakhstan, where sales grew by 227%.  Sales to Tajikistan grew by 188%, but sales to Spain grew by 102%.  Significant shipments during this period were also made to the UK and Denmark.  Major sales markets of AS Olainfarm during this period were Russia, Latvia, Ukraine, The Netherlands and Belarus.  During September 2016 AS Olainfarm sold its products in 26 countries in two continents.