Olaine, December 15, 2015

Sales of Olainfarm in November Increase by 38%

According to preliminary consolidated results of AS Olainfarm for November 2015, company’s sales have reached 9.29 million euro, which represents an increase by 38% compared to November 2014. The biggest sales increase was achieved in Ukraine, where sales grew by 247%.  Sales to Poland grew by 271%, sales to Moldova by 194%, and sales to Russia by 54%.  In November 2015, significant shipments were also made to Switzerland.  Major sales markets of AS Olainfarm during November 2015 were Russia, Latvia, Ukraine and Switzerland.

Sales of the pharmacy chain of SIA Latvijas Aptieka during November 2015 were 1.45 million euro, which represents an increase by 12% compared to the same period of 2014.  Sixty pharmacies were operating during this period. SIA Silvanols has doubled its sales in November, as its sales during this month reached 0.58 million euros, which is the biggest monthly sales so far.  SIA Silvanols made its sales in six European countries and with participation of AS Olainfarm in Belarus as well.

During eleven months of 2015, according to preliminary results, consolidated sales of AS Olainfarm have reached 90.19 million euros, which represents an increase by 6% compared to the same period of 2014.  The most rapid sales increase during this period was achieved in The Netherlands, where sales have increased by 105%.  The biggest sales markets of AS Olainfarm during eleven months of 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands.

During eleven months of 2015, sales of pharmacy chain of SIA Latvijas Aptieka was 15.3 million euros, which represents an increase by 11% compared to the same period of 2014.  Sales of SIA Silvanols during this period were 3.9 million euros, which represents an increase by 27% compared to 11 months of a previous year, when sales of SIA Silvanols were 3.03 million euros.  During eleven months of 2015, SIA Silvanols sold its products in 13 countries on two continents, with assistance from AS Olainfarm to Belarus, Kazakhstan and Azerbaijan.

According to preliminary unconsolidated results for November 2015, sales of AS Olainfarm during this period were 8.1 million euros, which represents an increase by 16% compared to the same period of 2014.  The biggest sales increase was achieved in Ukraine, where sales grew by 269%.  Sales to Moldova grew by 194%, sales to Tajikistan grew by 69% and sales to Russia grew by 54%.   During November 2015, significant shipments have also been made to Switzerland.  The major sales markets of AS Olainfarm in November 2015 were Russia, Ukraine, Latvia and Switzerland.  During November 2015, AS Olainfarm sold its products to 23 countries on three continents.

According to preliminary unconsolidated results, sales of AS Olainfarm in eleven months of 2015 was 79.59 million euros, which represents an increase by 8% compared to the same period of 2014. The most rapid sales growth was achieved in The Netherlands, where sales grew by 105%.  Sales to Turkmenistan grew by 35%, sales to Tajikistan grew by 31%, but sales to Latvia grew by 27%.  According to preliminary unconsolidated results, the major sales markets of AS Olainfarm during eleven months of 2015 were Russia, Ukraine, Latvia, Belarus and The Netherlands.  In total during 11 months of 2015, products of AS „Olainfarm” were sold to 42 countries on five continents.