Olaine, March 13, 2015

Olainfarm’s Sales in February Increase by 56%, Export to Kosovo Commenced

Preliminary consolidated sales results of AS “Olainfarm” for February 2015 show that company’s sales have reached 11.4 million euros, which is an increase by 56% compared to the same period one year ago.  The biggest sales increases were achieved to Moldova, where sales grew by 1288%, sales to Kyrgyzstan grew by 458%, and sales to The Netherlands grew by 167%, while sales to Russia grew by 114%. In February 2015, AS „Olainfarm” started exports of final dosage forms to Kosovo. First shipment to this market was worth a little more than 60 thousand euros.   The biggest sales markets of AS “Olainfarm” in February 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands.

Sales of the pharmacy chain of SIA Latvijas Aptieka, fully owned by AS “Olainfarm in February 2015 were 1.34 million euro, which is an increase by 9% compared to the same period of last year.  57 pharmacies were operating during February.  Sales of SIA “Silvanols” in this period were 0.43 million euros, which is an increase by 39% compared to February 2014.  In February 2015 SIA Silvanols sold its products to 7 European countries.

According to preliminary consolidated sales figures, in two months of 2015 sales of AS “Olainfarm” were 19.17 million euros, which represents an increase by 13% compared to two months of 2014. The most rapid sales increases were achieved in Kyrgyzstan, where sales grew by 215%, sales to The Netherlands grew by 60%, while sales to Kazakhstan grew by 56%.  Major sales markets of AS “Olainfarm” in two months of 2105 were Russia, Latvia, Ukraine, The Netherlands and Belarus.

In first two months of 2015 sales of SIA Latvijas Aptieka were 2.8 million euros, while sales of SIA Silvanols were 0.82 million euros.  SIA Silvanols made its sales in 7 European countries.

According to preliminary unconsolidated sales figures of AS “Olainfarm”, sales of the company during February 2015 were 10.36 million euros, which represents an increase by 65% compared to the same period one year ago.  The biggest sales increases were achieved in Azerbaijan, where sales grew by 99010%, sales to Moldova grew by 1288%, sales to Kyrgyzstan by 458%, sales to The Netherlands by 167%, and sales to Russia by 114%. The biggest sales markets of AS Olainfarm in February 2015 were Russia, Ukraine, Latvia, Belarus and The Netherlands.  During February 2015, AS Olainfarm sold its products in 17 Asian and European countries.

In 2 months of 2015, according to preliminary unconsolidated sales results, the sales of AS Olainfarm were 17.07 million euros, which represents an increase by 16% compared to the same period of 2014.  The most rapid sales increases have been achieved in Kyrgyzstan, The Netherlands and Kazakhstan, where sales grew by 215%, 60% and 56% respectively. According to preliminary unconsolidated results major sales markets of AS Olainfarm in two months of 2015 were Russia, Ukraine, Latvia, The Netherlands, Belarus and the UK.  In total in two months of 2015 AS Olainfarm sold its products to 23 countries on 4 continents.