Olaine, May 16, 2016

Sales of Olainfarm in April Reach 8.82 Million Euros

According to preliminary consolidated results of AS Olainfarm for Aprils 2016, sales of the company have reached 8.82 million euros, which represents a reduction by 4% compared to Aprils of 2015.  The biggest sales increase was achieved in Italy, where sales grew by 388%. Sales to Uzbekistan grew by 191%, sales to Turkmenistan grew by 77% while sales to Lithuania grew by 69%.  He major sales markets in April were Russia, Latvia, Ukraine, Belarus and Uzbekistan.

Sales of chain of pharmacies of SIA Latvijas aptieka, fully owned by AS Olainfarm was 1.58 million euros, which represents an increase by 13% compared to April of 2015. Sixty-one pharmacies were operating during this period.  Sales of SIA Silvanols during April were .39 million euros, which represents an increase by 18% compared to April of last year.  During April of this year, SIA Silvanols sold its products in six European countries, and, with a help of AS Olainfarm, also to Albania, Kosovo and Azerbaijan.

In four months of 2016, according to preliminary consolidated results, consolidated sales of AS Olainfarm were 35.05 million euros, which represents a reduction by 5% compared to the same period of 2015. The biggest sales increase was achieved in Italy, where sales grew by 328%.  Sales to Uzbekistan grew by 158%, sales to Turkmenistan grew by 133% while sales to Belarus grew by 51%.  Major sales markets in four months of 2016 were Russia, Latvia, Ukraine and Belarus.

During 4 months of 2016, sales of pharmacy chain of SIA Latvijas Aptieka was 6.6 million euros, which represents an increase by 18% compared to the same period of 2015. Sales of SIA Silvanols during this 4 months period was 1.6 million euros, which represents an increase by 14% compared to 2015, when its sales during four months were 1.4 million euros. Products of SIA Silvanols were sold to nine European countries and with the help from AS Olainfarm to Albania, Kosovo, Azerbaijan and Belarus.

According to unconsolidated preliminary results, sales of AS Olainfarm during April 2016 reached 7.67 million euros, which represents a reduction by 5% compared to the same period of last year. The biggest sales increase was achieved in Italy, where sales increased by 388%.  Sales to Uzbekistan increased by 191%, but sales to Turkmenistan increased by 77%.  The major sales markets were Russia, Ukraine, Latvia, Belarus and Uzbekistan.  During April 2016, AS Olainfarm sold its products to 27 countries in three continents.