Olaine, July 15, 2016

Olainfarm’s Sales in June Increase by 30%

Preliminary sales results for June show that sales of AS Olainfarm reached 9.36 million euros, which represents an increase by 30% compared to June of 2015. The biggest sales increase was achieved in Moldova, where sales grew by 946%.  Sales to Kazakhstan grew by 190%, sales to Poland grew by 105% and sales to Russia grew by 67%.  Group also made significant shipments to Kyrgyzstan and Switzerland.  The major markets of the Group were Russia, Latvia, Ukraine and Belarus.

Sales of pharmacies of SIA “Latvijas aptieka” during June 2016 were 1.48 million euros, which represents an increase by 12% compared to June 2015. Sixty-three pharmacies operated during this month.  Green pharma company Silvanols made sales worth 0.43 million euros, which is an increase by 13% compared to June 2015.  During June 2016, SIA Silvanols started selling its products directly to Turkey, and with assistance from AS Olainfarm launched its sales in Russia.  During June, products of SIA Silvanols were sold in seven other European countries directly, and with assistance from AS Olainfarm also to Azerbaijan.  Sales of SIA Tonus Elast, producer of elastic medical products during June 2016 was 0.85 million euros and it sold its products to 24 countries in four continents.

In six months of 2016, according to preliminary data, consolidated sales of AS “Olainfarm” was 53.51 million euros, which represents an increase by 5% compared to the same perio done year ago.  The most rapid sales increase during this period was achieved in Italy, where sales grew by 194%.  Sales to Uzbekistan grew by 134% and sales to Turkmenistan grew by 97%.  The major sales markets of the Group in six months of 2016 were Russia, Latvia, Ukraine and Belarus.

Sales of pharmacies of SIA Latvijas aptieka in six months was 9.4 million euros, which represents an increase by 14% compared to the same period of 2015. Sales of SIA Silvanols in six months of 2016 was 2.38 million euros, which represents an increase by 19% compared to six months of last year, when company’s sales reached 2 million euros. SIA Silvanols made its sales in nine European countries and with assistance from AS Olainfarm also to Albania, Kosovo, Azerbaijan, Kazakhstan, Belarus and Russia.

According to preliminary unconsolidated results, sales of AS Olainfarm during June 2016 was 7.39 million euro, which represents an increase by 22% compared to the same period one year ago.  The biggest sales increase was achieved in Moldova, where sales grew by 767%.  Sales to Albania grew by 123%, while sales to Kazakhstan grew by 111%.  Company also made significant shipments to Kyrgyzstan and Poland.  The major sales markets of AS Olainfarm during this period were Russia, Ukraine, Latvia and Belarus. During June 2016, Olainfarm’s products were sold to 29 countries in three continents.