Olaine, August 15, 2014

Sales of „Olainfarm” in July Grow by 15%

Preliminary consolidated results of AS “Olainfarm” for July 2014 show that sales have reached 6.28 million euro, which is by 15% more than sales made during July of 2013.  The biggest sales increase has been achieved in Kyrgyzstan, where sales grew by 181%. Sales to Lithuania grew by 172%; sales to Turkmenistan grew by 54%, while sales to Russia grew by 42%.  During July 2014 the company has also made significant shipments to Tajikistan and the USA.  Major sales markets of AS “Olainfarm” during this month were Russia, Latvia and Ukraine.

Sales of the pharmacy chain of SIA “Latvijas aptieka” during July 2014 were 1.17 million euro and 52 pharmacies were operating during this period.  Sales of SIA “Silvanols” during this period were 0.12 million euro.

In seven months of 2014, according to preliminary consolidated data, sales of AS “Olainfarm” reached 55 million euro, which represents an increase by 38% compared to the same period of 2013.  The most rapid sales increases were achieved in Poland, where sales grew by 881%, sales to Ukraine grew by 224%, sales to the Netherlands grew by 113% and sales to Lithuania grew by 84%.  Major sales markets of AS “Olainfarm” in seven months of 2014 were Russia, Latvia, Ukraine and Belarus.

Sales of the pharmacy chain of SIA “Latvijas aptieka” in seven months were 8.6 million euro.  Sales of SIA Silvanols in the same period were 1.65 million euro; the company has its sales made to 9 European countries.

According to preliminary unconsolidated figures, sales of AS “Olainfarm” during July 2014 were 5.47 million euro, which represents an increase by 18% compared to the same period one year ago.  The biggest sales increases were achieved in Kyrgyzstan, where sales grew by 181%, Lithuania, where sales grew by 172%, Turkmenistan, where sales grew by 76%, Latvia, where sales grew by 45% and Russia, where sales grew by 42%.  Significant shipments have also been made to Tajikistan and the USA. Major sales markets of AS “Olainfarm” during July 2014 were Russia, Latvia and Ukraine.  During this month the sales have been made to 19 countries on three continents.

In seven months of 2014, according to preliminary results, the unconsolidated sales of AS “Olainfarm” were 47.97 million euro, which represents an increase by 40% compared to the same period one year ago. The most rapid sales increases were achieved in Poland, where sales grew by 11926%, sales to Ukraine have grown by 224%, sales to The Netherlands grew by 113%, but sales to Tajikistan grew by 72%.  According to preliminary unconsolidated results, the major sales markets of AS “Olainfarm” in seven months of 2014 were Russia, Ukraine, Latvia, Belarus and the UK.  During seven months the sales have been made in 32 countries on 5 continents.