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Olainfarm’s Sales in February are 8 Million Euros
Emitents Olainfarm, AS (213800WCG52W62ENOP27)
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Datums 2017-03-15 16:35:19
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Olaine, March 15, 2017

 

Olainfarm’s Sales in February are 8 Million Euros

 

Preliminary consolidated results of AS Olainfarm for February 2017 show that sales of the group have reached 8 million euros, which represents a reduction by 8% compared to the same period of 2016. The biggest sales increases were achieved in Georgia, where sales grew by 25% and in Russia, where sales grew by 23%.  The biggest reduction in sales took place in Ukraine, where sales shrunk by 33% and in Lithuania, where sales were for 30% smaller this year. Significant shipments during this period were also made to Bulgaria, Moldova and Germany.  The major sales markets of the group in February 2017 were Russia, Latvia, Ukraine and Belarus.

 

February 2017, consolidated sales

Sales, thsnd. EUR

Changes to February 2016

Share in total sales

Russia

2 617

23%

33%

Latvia

2 498

9%

31%

Ukraine

1 052

-33%

13%

Belarus

867  

-6%

11%

Kazakhstan

137

-24%

2%

Bulgaria

114

NA

1%

Moldova

97

NA

1%

Lithuania

88  

-30%

1%

Germany

86

NA

1%

Georgia

65

35%

1%

Other

385

-60%

5%

Total

8 006

-3%

100%

 

Sales by pharmacies of SIA Latvijas aptieka in February 2017 were 1.68 million euros, which represents a reduction by 3% compared to the same period one year ago. Sixty-eight pharmacies were operating during February.  Sales of SIA Silvanols during February 2017 were .57 million euros, which is an increase by 21% compared to 2016.  During this period, SIA Silvanols sold its products to six European countries and with assistance of AS Olainfarm also to Belarus.  Sales of SIA Tonus Elast in February were 0.77 million euros.  This company sold its products to 17 countries in three continents.

 

During the first two months of 2017, the consolidated sales of the group reached 17.1 million euros, which represents an increase by 0.3% compared to consolidated sales of two months of 2016.  The biggest sales increases were achieved in Georgia, where sales grew by 327% and in The Netherlands, where sales grew by 258%.  The biggest reduction in sales took place in Ukraine, where sales shrunk by 42% and in Kazakhstan, where sales shrunk by 37%.  The major sales markets of AS Olainfarm in two months of 2017 were Russia, Latvia, Belarus and Ukraine.

 

2 months of 2017, consolidated sales

Sales, thsnd. EUR

Changes to 2 months of 2016

Share in total sales

Russia

4 958

13%

29%

Latvia

4 949

13%

29%

Belarus

2 481

3%

14%

Ukraine

1 369

-42%

8%

The Netherlands

912

258%

5%

Poland

288

25%

2%

Germany

287

45%

2%

Lithuania

255

35%

1%

Kazakhstan

246

-37%

1%

Georgia

205

327%

1%

Other

1 165

-46%

7%

Total

17 116

0%

100%

 

Sales of pharmacies of SIA Latvijas aptieka in two months of 2017 were 3.4 million euros, which is comparable to their sales during the same period of 2016.  Sales of SIA Silvanols during two months was 1.06 million euros, which represents an increase by 34% compared to two months of last year, when Silvanols’ sales were 0.79 million euros. SIA Silvanols sold its products to nine European countries, and, with the help of AS Olainfarm, also to Russia and Belarus.  Sales of SIA Tonus Elast in two months of 2017 were 0.94 million euros.  This company made its sales to 21 countries in four continents.

 

According to unconsolidated preliminary results, sales of AS Olainfarm during February 2017 were 6 million euros, which represents a reduction by 14% compared to the same period of 2016.  The biggest sales increases were achieved in Azerbaijan, where sales grew by 67% and in Russia, where sales grew by 8%.  The biggest sales reductions took place in Kazakhstan, where sales shrunk by 64% and in Lithuania, where sales shrunk by 39%.  During February 2017, significant shipments were also made to Bulgaria, Germany and Moldova.  The major sales markets during this period were Russia, Latvia, Ukraine and Belarus.  In total AS Olainfarm sold its products to 23 countries in Europe and Asia.

February, 2017, unconsolidated sales

Sales, thsnd. EUR

Changes to February, 2016

Share in total sales

Russia

2 288

8%

38%

Latvia

1 212

7%

20%

Ukraine

1 052

-30%

18%

Belarus

853

-8%

14%

Bulgaria

106

NA

2%

Germany

86

NA

1%

Lithuania

66

-39%

1%

Kazakhstan

65

-64%

1%

Moldova

55

NA

1%

Azerbaijan

41

67%

1%

Other

164

-83%

3%

Total

5 988

Pielikumi