Olaine, July 15, 2014

Sales of „Olainfarm” in June Reach 5.25 Million Euro

Preliminary consolidated results of AS “Olainfarm” for June 2014 show that company’s sales have reached 5.25 million euro, which represents a reduction by 22% compared to the same period one year ago.  The major sales increases have been achieved in Poland, where sales grew by 2920%, sales to Tajikistan grew by 529%, and sales to Belarus grew by 89%, while sales to Moldova grew by 76%.  During June of 2014 the company has also made significant shipments to The Netherlands.  Major sales markets of Olainfarm in June 2014 were Latvia, Russia, Belarus, Poland and Kazakhstan.

Sales of pharmacy chain of SIA “Latvijas aptieka”, fully owned by AS „Olainfarm” in June of 2014 were 1.14 million euro, and 55 pharmacies were operating during this period. Sales of SIA „Silvanols” during this period were 0.23 million euro.

During six months of 2014, according to preliminary figures the consolidated sales of AS “Olainfarm” has reached 48.74 million euros, which represents an increase by 40% compared to similar period of 2013.  The most rapid sales increases during these six months have been achieved in Poland, where sales grew by 13434%, Ukraine, where sales grew by 303%, The Netherlands, where sales grew by 180%, Uzbekistan, where sales grew by 102% and Lithuania, where sales grew by 90%.    Major sales markets of AS “Olainfarm” during the first six months of 2014 were Russia, Latvia, Ukraine and Belarus.

Sales of the pharmacy chain of SIA „Latvijas Aptieka” fully owned by AS “Olainfarm” in 6 months were 7.4 million euros.  Sales of SIA „Silvanols” in six months of 2014 were 1.523 million euros.

According to unconsolidated results of AS “Olainfarm”, sales of the company in June 2014 were 4.34 million euros, which represents a reduction by 22% compared to the same period one year ago.   The major sales increases have been achieved in Tajikistan, where sales grew by 529%, Belarus, where sales grew by 89%, Moldova, where sales grew by 76% and Latvia, where sales grew by 37%.  Major sales markets of AS “Olainfarm” in June 2014 were Russia, Latvia, Belarus, Poland, Kazakhstan and Ukraine.  During June of 2014 products of AS „Olainfarm” were sold to 19 countries in three continents.

According to preliminary figures, during six months of 2014 unconsolidated sales of AS “Olainfarm” was 42.5 million euro, which represents an increase by 44% compared to the same period of 2013. The most rapid sales increases during these six months have been achieved in Poland, where sales grew by 11926%, Ukraine, where sales grew by 303%, The Netherlands, where sales grew by 180%, and Uzbekistan, where sales grew by 102%.  According to preliminary unconsolidated results, the main sales markets of AS “Olainfarm” during the first six months of 2014 were Russia, Ukraine, Latvia and Belarus.  During six months of 2014 the sales have been made to 32 countries on five continents.