Sales of Olainfarm in 2016 Slightly Below 110 Million

According to preliminary consolidated results of AS Olainfarm for December 2016, sales of the Groups have reached 10.28 million euros, which represents an increase by 39% compared to December 2015. The biggest sales increase was achieved in Moldova, where sales grew by 13081%. Sales to Kazakhstan grew by 326%, sales to Kyrgyzstan grew by 207%, but sales to Azerbaijan grew by 171%.  The biggest sales markets during this period were Russia, Latvia and The Netherlands.

Sales of chain of pharmacies of SIA Latvijas aptieka during December 2016 were 1.65 million euros, which represents an increase by 2% compared to the same period one year ago. Sixty-five pharmacies were operating during December 2016. Sales of SIA Silvanols in December were 0.49 million euros, which represents a reduction by 6% compared to the same period of 2015.  Suring December 2016, SIA Silvanols sold its products in five European countries and with the help of AS Olainfarm also to Lithuania, Kazakhstan, Belarus and Azerbaijan.  Sales of SIA Tonus Elast during December 2016 were 1.1 million euros, and the company sold its products in 24 countries in four continents.  In December, SIA Tonus Elast started exporting its products also to Morocco and Mongolia.

According to preliminary numbers, consolidated sales of AS in 2016 were 109.97 million euros, which represents an increase by 12% compared to 2015. The most rapid sales increase was achieved in Uzbekistan, where sales grew by 65%.  The biggest sales markets during this period were Russia, Latvia, Ukraine and Belarus.

Sales of SIA Latvijas Aptieka in 12 months of 2016 were 18.7 million euros, which represents an increase by 11% compared to 12 months of 2015.  Sales of  SIA Silvanols during this period was 5.34 million euros, which represents an increase by 21% compared to sales of 4.4 million euros, this company made during an entire 2015. Products of SIA Silvanols were sold to fourteen European countries and with the help of AS Olainfarm also to Albania, Kosovo, Azerbaijan, Kazakhstan, Belarus, Lithuania and Russia. Sales of SIA “Tonus Elast” in seven months was 5.4 million euros and its products were sold in 33 countries in four continents.

According to unconsolidated preliminary results, sales of AS Olainfarm in December 2016 were 7.87 million euros, which represents an increase by 34% compared to the same period one year ago.  The biggest sales increase was achieved in Moldova, where sales grew by 8929%.  Sales to Ukraine grew by 1063%, sales to Kazakhstan grew by 265% and sales to Kyrgyzstan grew by 133%.  The major sales markets during this period were Russia, Latvia and The Netherlands.  During December 2016, products of AS Olainfarm were sold to 22 countries in four continents.