June 15, 2016

Sales of Olainfarm in May Reach 9.09 Million EUR

Preliminary consolidated results, sales of AS Olainfarm for May 2016 show that total sales have reached 9.09 million EUR, which represents and increase by 28% compared to the same period of last year.  The biggest sales increase was achieved in Turkmenistan, where sales grew by 213%.  Sales to Russia grew by 99%, Sales to Uzbekistan grew by 79%, but sales to Ukraine grew by 5his period were Russia, Latvia, Ukraine and the UK.

Sales of chain of pharmacies of SIA Latvijas aptieka in May 2016 was 1.3 million euros, which is the same sales that were made in May 2015. Fifty-eight pharmacies were operating during this period. Sales of SIA Silvanols in this period were 0.34 million EUR, which represents an increase by 70% compared to the same period of one year ago.  During May 2016, SIA Silvanols was selling its products to four European countries and with assistance from AS Olainfarm also to Kazakhstan, Albania and Kosovo

In five months of 2016, according to preliminary consolidated numbers, the sales of AS Olainfarm were 44.14 million euros, which represents an increase by 1% compared to the same period of 2015.  The most rapid sales increase during five months of this year was achieved in Italy, where sales grew by 373%.  Sales to Turkmenistan increased by 152%, sales to Uzbekistan increase by 134%, but sales to the United Kingdom increased by 78%.  Major sales markets of AS Olainfarm in five months of 2016 were Russia, Latvia, Ukraine and Belarus.

In five months of 2016 sales of pharmacies of SIA Latvijas Aptieka were 7.9 million euros, which represents an increase by 14% compared to the same period of 2015.  Sales of SIA Silvanols during this period were 2 million euros, which represents an increase by 25% compared to five months of 2015, when this company made sales worth 1.6 million euros.  Products of SIA Silvanols were sold to nine European countries and with assistance of AS Olainfarm also to Albania, Kosovo, Azerbaijan, Kazakhstan and Belarus

According to preliminary unconsolidated sales results of AS Olainfarm for May 2016, sales of the company during this period were 8.37 million euros, which represents an increase by 34% compared to the same period of 2015. The biggest sales increase was achieved in Turkmenistan, where sales grew by 213%.  Sales to Russia increased by 99%, while sales to Uzbekistan increased by 79%.  Significant shipments were also made to the United Kingdom and Tajikistan.  The biggest sales markets were Russia, Latvia, Ukraine and the UK.  During May 2016, products of AS Olainfarm were sold to 25 countries in four continents.