Olaine, April 15, 2016

Sales of Olainfarm in March Reach 9.05 Million Euros

According to preliminary consolidated results of AS “Olainfarm” for March 2016, sales of company have reached 9.05 million euros, which represents a growth by 4% compared to March 2015. The biggest sales increase has been achieved in Ukraine, where sales grew by 361%. Sales to Turkmenistan grew by 208%, sales to Poland grew by 133%, but sales to Lithuania by 120%.  During this period, significant shipments have also been made to Uzbekistan.  Major sales markets of AS “Olainfarm” in March 2016 were Ukraine, Latvia, Russia and Belarus.

Sales of pharmacy chain of SIA Latvijas Aptieka during March 2016 were 1.63 million euros, which represents an increase by 13% compared to the same period of the last year.  Sixty-one pharmacies were operating during March this year.  Sales of SIA Silvanols during March 2016 were 0.44 million euros, which represents an increase by 52% compared to sales made during March 2015. In March 2016, SIA Silvanols sold its products in four European Countries and with assistance of AS Olainfarm also to Azerbaijan and Belarus.

In three months of 2016, according to preliminary consolidated results, sales of AS Olainfarm reached 26.1 million euros, which represents a reduction by 6% compared to three months of 2015.  The most rapid sales increase has been achieved in Poland, where sales grew by 181%.  Sales to Turkmenistan grew by 162%, Sales to Uzbekistan grew by 134% and sales to Belarus grew by 77%.  Major sales markets of AS “Olainfarm” in three months of 2016 were Latvia, Russia, Ukraine and Belarus.

During the three months period of 2016 sales of pharmacy chain of SIA Latvijas aptieka reached 5.02 million euro, which represents an increase by 19% compared to the same period of 2015.  Sales of SIA Silvanols in three months of 2016 were 1.22 million euro, which represents an increase by 11% compared to the first quarter of 2015, when sales of Silvanols were 1.1 million euros.  Products of SIA Silvanols were sold to seven European countries and with assistance of AS Olainfarm also to Azerbaijan and Belarus.

According to preliminary unconsolidated results, sales of AS Olainfarm in March 2016 were 7.91 million euros, which represents an increase by 3% compared to the same period of 2015.  The biggest sales increase was achieved to Ukraine, where sales grew by 361%. Sales to Italy grew by 287%, sales to Turkmenistan grew by 208%, and sales to Lithuania grew by 159%. Significant shipments during this period were also made to Uzbekistan. Major sales markets of AS Olainfarm were Ukraine, Russia, Latvia and Belarus.  During March 2016, products of AS „Olainfarm” were sold to 28 countries in three continents.