Olaine, March 15, 2016

Sales of Olainfarm in February Reached 8.23 Million Euros

Preliminary consolidated results of AS Olainfarm for February 2016 show that sales of the group have reached 8.23 million euros, which represents a reduction by 28% compared to February of 2015. The biggest sales increase was achieved in Uzbekistan, where sales grew by 387%.  During February significant shipments have also been made to Tajikistan.  The major sales markets of AS Olainfarm during this period were Latvia, Russia, Ukraine and Belarus.

Sales of pharmacy chain of SIA Latvijas aptieka during February 2016 were 1.74 million euro, which represents an increase by 30% compared to February of 2015. Sixty-two pharmacies were operating during this period. Sales of SIA Silvanols in February 2016 were 0.47 million euros, which represents an increase by 9% compared to February of 2015.  During February of 2016, SIA Silvanols was selling its products to four European countries and with assistance from AS Olainfarm also to Azerbaijan and Belarus.

According to preliminary consolidated results, sales of the group of AS Olainfarm during two months of 2016 were 17.06 million euros, which represents a reduction by 11% compared to the same period of 2015.  The biggest sales increase during this period was achieved in Poland, where sales grew by 226%. Sales to Belarus increased by 164%, sales to Kazakhstan increased by 75%.  During two months of 2016, significant shipments were also made to Germany and Tajikistan.   Major sales markets of AS Olainfarm during two months of 2016 were Latvia, Russia, Belarus, Ukraine and the UK.

During two months of 2016, sales of SIA Latvijas aptieka reached 3.4 million euros, which represents an increase by 21% compared to the same period one year ago.  Sales of SIA Silvanols during two months of this year were 0.79 million euros, which represents a reduction by 4% compared to the same period of 2015, where this company made sales of 0.82 million euros. During two months of 2016, products of SIA Silvanols were sold to eight European countries and with the help of AS Olainfarm also to Azerbaijan and Belarus.

According to unconsolidated preliminary results for February 2016, sales of AS Olainfarm during this period were 6.93 million euros, which represents a reduction by 33% compared to the same period of 2015.  The biggest sales increases were achieved in Uzbekistan, where sales grew by 387% and Lithuania, where sales grew by 65%.  During February 2016, AS Olainfarm also made significant shipments to Tajikistan.  Major sales markets during this period were Russia, Ukraine, Latvia and Belarus.  Products of AS Olainfarm were sold to 24 countries on three continents.

According to preliminary unconsolidated results, sales of AS Olainfarm in two months of 2016 were 14.68 million euros, which represents a reduction by 13% compared to the respective period of 2015.  The most rapid sales increases during two months of this year were achieved in Belarus, where sales grew by 164%, and Kazakhstan where sales grew by 75%.  During two months of 2016 significant shipments were also made to Germany, Tajikistan and Poland. Major sales markets of AS Olainfarm during two months of 2016 were Russia, Belarus, Latvia, and the UK.  In total, during two months of 2016, Products of AS Olainfarm were sold to 30 countries on three continents.