Olaine, October 15, 2014

Sales of „Olainfarm” in 9 months increase by 30%

According to preliminary consolidated results of AS “Olainfarm” for September 2014, sales of the company have reached 8.47 million euro, which represents an increase by 7% compared to the same period of last year. The biggest sales increase was achieved in The Netherlands, where sales grew by 2940%.  Sales to Poland grew by 681%; sales to Georgia grew by 358% while sales to Kazakhstan grew by 131%.  Major sales markets of AS “Olainfarm” in September 2014 were Russia, Latvia, Ukraine and Belarus.

Sales of pharmacy chain of SIA “Latvijas aptieka” fully owned by AS „Olainfarm” in September were 1.32 million euro.  55 pharmacies were operating during this period. Sales of SIA “Silvanols” during this period were 0.47 million euro and the company was selling its products in 7 European countries.

During nine months of 2014, according to preliminary consolidated results, sales of AS “Olainfarm” were 70.2 million euro, which represents an increase by 32% compared to the same period of 2013.  The most rapid sales increase was achieved in Poland, where sales increased by 714%. Sales to The Netherlands grew by 184%, sales to Ukraine by 119%, and sales to Lithuania grew by 94%. Major sales markets of AS “Olainfarm” in nine months of 2014 were Russia, Latvia, Ukraine and Belarus.

Sales of pharmacy chain of SIA “Latvijas aptieka” fully owned by AS „Olainfarm” in 9 months were 11.1 million euro.  Sales of SIA “Silvanols” in nine months were 2.38 million euro and the company was selling its products in 9 European countries.

According to preliminary unconsolidated results for September 2014, sales of AS “Olainfarm” during this period were 7.27 million euro, which represents an increase by 10% compared to the same period one year ago.  The biggest sales increase was achieved in The Netherlands, where sales grew by 2940%.  Sales to Poland grew by 1015%; sales to Georgia grew by 358%, while sales to Kazakhstan grew by 131%. Major sales markets of AS “Olainfarm” in September 2014 were Russia, Latvia, Ukraine, Belarus and The Netherlands.  During September 2014 products of AS „Olainfarm” were sold to 22 countries on 4 continents.

In nine months of 2104, according to preliminary unconsolidated results, the sales of AS “Olainfarm” were 61.04 million euro, which represents an increase by 32% compared to the same period one year ago.  The biggest sales increase was achieved in Poland, where sales grew by 3186%. Sales to The Netherlands grew by 184%; sales to Ukraine grew by 119%, while sales to Tajikistan grew by 61%.  According to preliminary unconsolidated results, the major sales markets of AS “Olainfarm” in nine months of 2014 were Russia, Ukraine, Latvia and Belarus. During 9 months of 2014 products of AS „Olainfarm” were sold to 32 countries on 5 continents.