Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
Veids | Citi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2016-05-25 22:56:54 |
Versijas komentārs | |
Teksts |
Olaine, May 26, 2016
Olainfarm
Plans to Increase Sales of Tonus Elast to 9 Million this
Year
AS Olainfarm plans that
sales of SIA Tonus Elast in 2016 could increase to 9 million euros.
This would mean an increase by 23% compared to 2015, when company
made sales of 7.3 million euros. It is expected that the net profit
could remain at the level of 2015, and be at the about 1.7 million
euros. It is expected that within the next three years profit and
sales of Tonus Elast could increase by 50%. Significant sales
increase to Russia in Ukraine is planned for the very near future.
On May 12, 2016, AS Olainfarm
signed an agreement about acquiring 100% shares in SIA Tonus Elast,
producer of elastic medical products. The total price of
shares was 14 million euros and AS ABLV Bank provided a loan with
10 years maturity to finance the transaction.
SIA “Tonus Elast” was
established in 1995 and is a producer of elastic medical products,
from elastic bandages to complicated corsets for pregnant and
lactating women. Products portfolio of SIA Tonus Elast includes
more than 100 different product types, bestselling of which are
bandages and compression products. The main sales markets are CIS
and EU countries, India and the countries of Middle East.
A little more than 200
employees are working at production site of SIA Tonus Elast in
Nicas novads. The site meets all requirements of a modern
producer of medical appliances, which is confirmed by LVS EN ISO
9001:2009 certificate.
JSC Olainfarm is one of the
biggest pharmaceutical companies in Latvia with more than 40 years
of experience in production of medication and chemical and
pharmaceutical products. A basic principle of company's operations
is to produce reliable and effective top quality products for
Latvia and the rest of the world. Products made by the Group are
being exported to more than 35 countries of the world, including
the Baltics, Russia, other CIS, Europe, Asia, North America and
Australia.
Information prepared by:
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