Olaine, April 18, 2017

Olainfarm Sells 9.83 Million in March

Preliminary consolidated results for March 2017 show that sales of AS “Olainfarm” reached 9.83 million euros, which represents an increase by 9% compared to March 2016.  The biggest sales increase was achieved in The Netherlands, where sales increased by 285%.  Sales to Italy grew by 268%, but sales to Russia grew by 42%.  The biggest reduction of sales took place in Ukraine, where sales dropped by 75%.  Significant shipments were also made to Georgia and Tajikistan.  The major sales markets of Olainfarm group in March 2017 were Russia, Latvia and The Netherlands.

Sales of pharmacy chain of SIA Latvijas aptieka during March 2017 were 1.78 million euros, which represents an increase by 9% compared to March 2016.  Sixty-five pharmacies were operating during this period.  Sales of SIA Silvanols in March 2017 were 0.53 million euros, which represents an increase by 20% compared to March of 2016.  Suring this period SIA Silvanols sold its products in five European countries and with the help of AS Olainfarm also to Russia, Lithuania, Belarus and Armenia. Sales of SIA Tonus Elast in March 2017 were 0.96 million euros, and the company sold its products to 19 countries in three continents.

In three months of 2017, according to preliminary results, consolidated sales of AS Olainfarm reached 26.95 million euros, which represents an increase by 3% compared to the same period of 2016.  The biggest sales increase during this period was achieved in Georgia, where sales grew by 694%.  Sales to The Netherlands grew by 271%, sales to Italy grew by 120% and sales to Germany grew by 99%.  The biggest sales reduction took place in Ukraine, where sales dropped by 59%.  The major markets of Olainfarm group in three months of 2017 were Russia, Latvia, Belarus and Ukraine.

In three months of 2017 sales of pharmacies of SIA Latvijas aptieka reached 5.17 million euros, which represents an increase by 3% compared to three months of 2016.  Sales of SIA Silvanols in three months of 2017 were 1.6 million euros, which represents an increase by 31% compared to three months of 2016.  Products of SIA Silvanols were sold to nine European countries and with the help of AS Olainfarm also to Lithuania, Russia, Belarus and Armenia.  Sales of SIA Tonus Elast in 3 months were 1.9 million euros, and company’s products were sold to 26 countries in four continents.

According to preliminary unconsolidated results for March 2017, sales of AS Olainfarm during this period were 7.58 million euros, which represents a reduction by 6% compared to March of 2016.  The biggest sales increase was achieved in The Netherlands, where sales grew by 286%, but sales to Italy grew by 266%.  Biggest sales reduction occurred in Ukraine, where sales dropped by 79%.  During March 2017, the company also made significant shipments to Georgia and Tajikistan.  The biggest sales markets were Russia, Latvia, The Netherlands and Belarus.  During March 2017, products of AS Olainfarm were sold to 27 countries in four continents.