Olaine, January 15, 2016

Sales of Olainfarm in 2015 Exceeds 98 Million Euros

Preliminary consolidated results of AS Olainfarm for December 2015 show that sales of the company has reached 7.4 million euros, which represents a reduction by 5% compared to the same period one year ago. The biggest sales increase was achieved in Albania, where sales grew by 153%.  Sales to The Netherlands grew by145%, sales to Georgia by 138% and sales to Tajikistan by 89%.  Significant shipments during this period have also been made to Uzbekistan.  Major sales markets of  AS Olainfarm during December 2015 were Russia, Latvia, and The Netherlands.

Sales of pharmacy chain of SIA Latvijas aptieka in December 2015 were 1.62 million euros, which represents an increase by 42% compared to the same period one year ago.  62 pharmacies were operating during December. Sales of SIA Silvanols during December were 0.52 million euros, which represents an increase by 24% compared to December 2014. During this period products of SIA Silvanols were sold to four European countries and with assistance from Olainfarm, also to Belarus and Azerbaijan.

In twelve months of 2015, according to preliminary figures, the consolidated sales of AS Olainfarm reached 98.09 million euros, which represents an increase by 5% compared to the same period of 2014.  The most rapid sales increase in 2015 was achieved in The Netherlands, where sales grew by 107%.  Major sales markets of AS Olainfarm during 2015 were Russia, Latvia, Ukraine, Belarus and The Netherlands.

During 12 months of 2015, sales of pharmacy chain of SIA Latvijas aptieka were 16.9 million euros, which represents and increase by 13% compared to 12 months of 2014.  Sales of SIA Silvanols during 2015 was 4.4 million euros, which represents an increase by 26% compared to 2014, when SIA Silvanols made sales worth 3.5 million euros.  Products of SIA Silvanols during 2015 were sold to 13 countries on two continents, and with the help of AS Olainfarm also to Belarus, Kazakhstan and Azerbaijan.

According to unconsolidated preliminary results, sales of AS Olainfarm during December 2015 were 6.08 million euros, which represents a reduction by 12% compared to December 2014. The biggest sales increase was achieved in Albania, where sales grew by 153%.  Sales to The Netherlands grew by 145%, sales to Georgia grew by 138%, while sales to Tajikistan grew by 89%.  Significant shipments during this period were also made to Uzbekistan.  The major sale markets of AS Olainfarm in December 2015 were Russia, Latvia, and The Netherlands.  In total during this period AS Olainfarm sold its products in 24 countries on three continents.

According to preliminary unconsolidated results, during 12 months of 2015, sales of AS Olainfarm were 85.67 million euros, which represents an increase by 5% compared to the same period of 2014. The most rapid sales increase in 2015 was achieved in The Netherlands, where sales grew by 107%.  Sales to Turkmenistan grew by 46%, sales to Tajikistan grew by 39% and sales to Latvia grew by 25%.  According to preliminary unconsolidated results, the major sales markets of AS Olainfarm in 2015 were Russia, Ukraine, Latvia, Belarus and The Netherlands.  In total during 2015 AS Olainfarm sold its products in 42 countries on five continents.