Olaine, November 15, 2016

Sales of Olainfarm in October Grow by 22%

According to preliminary consolidated results of AS Olainfarm for October 2016, sales of the group have reached 10.18 million euros, which represents an increase by 22% compared to the same period one year ago.  The biggest sales increase was achieved in Uzbekistan, where sales grew by 220%.  Sales to Russia grew by 94% but sales to Kyrgyzstan grew by 71%. During October, AS Olainfarm also made significant shipments to The Netherlands, Germany and Georgia. Biggest sales markets during October were Russia, Latvia and Ukraine.

Sales of pharmacy chain of SIA “Latvijas aptieka” during October 2016 were 1.62 million euros, which represents an increase by 1% compared to the same period one year ago. Sixty-four pharmacies were operating during this period.  Sales of Latvian green pharma company Silvanols during October 2016 were 0.53 million euro, which represents an increase by 36% compared to sales this company made during October 2015.  During this period, SIA Silvanols sold its products to eight European countries and with assistance from AS Olainfarm also to Russia, Kazakhstan and Azerbaijan.  Sales of elastic materials producer SIA Tonus Elast during October 2016 were 0.87 million euros, the company was making its sales to 16 countries in three continents.

According to preliminary results, in ten months of 2016, consolidated sales of AS Olainfarm reached 88.69 million euros, which represents an increase by 9% compared to the same period of 2015.  The most rapid sales increase during this ten months period was achieved in Uzbekistan, where sales grew by 85%.  Sales to Ukraine grew by 25%, sales to Turkmenistan and the UK each grew by 24%.  The major sales markets during ten months were Russia, Latvia, Ukraine and Belarus.

Sales of pharmacy chain of SIA Latvijas aptieka in ten months were 15.5 million euros, which represents an increase by 12% compared to ten months of last year. Sales of SIA Silvanols in ten months were 4.21 million euros, which represents an increase by 28% compared to the same period of 2015, when Silvanols’ sales were 3.3 million euros. SIA Silvanols made its sales to thirteen European countries and with assistance of AS Olainfarm also to Albania, Kosovo, Azerbaijan, Kazakhstan, Belarus, Lithuania and Russia.  Sales of SIA Tonus Elast in five months was 3.53 million euros, its products were sold to 30 countries in four continents.

According to preliminary unconsolidated results, sales of AS Olainfarm in October 2016 were 8.02 million euros, which represents an increase by 11% compared to the same period of tha last year.  The biggest sales increase was achieved in Uzbekistan, where it grew by 220%.  Sales to Russia grew by 77%, but sales to Kyrgyzstan grew by 35%.  During October 2016, significant shipments were also made to the Netherlands and Germany.  The biggest sales markets were Russia, Ukraine, Latvia and Belarus.  During October 2016, products of AS Olainfarm were sold to 22 countries of Europe and Asia.