Olaine, May 15, 2017

Sales of Olainfarm in April Increase by 28%

Preliminary consolidated results of AS Olainfarm for April 2017 show that sales in April have reached 11.28 million euros, which represents an increase by 28% compared to sales of April 2016. The biggest sales increase was achieved in The Netherlands, where sales grew by 6642%.  Sales to Kazakhstan grew by 159%, sales to Poland grew by 143%, sales to Russia increased by 58%, but sales to Lithuania grew by 43%.  The biggest sales reduction took place in Italy, where sales contracted by 43%.  Major sales markets of the Group were Russia, Latvia, Ukraine and The Netherlands.

Sales of pharmacies of SIA Latvijas aptieka during April 2017 were 1.66 million euros, which represents an increase by 5% compared to Aprils 2016.  Sales of  SIA “Silvanols” in Aprils 2017 were 0.48 million euros, which is an increase by 23% compared to the same period of last year. Suring Aprils 2017, SIA Silvanols sold its products to six European countries and with help of AS Olainfarm also to Azerbaijan, Russia, Belarus and Armenia. Sales of SIA Tonus Elast in Aprils 2017 were 0.65 million euros, and the company sold its products to 16 countries in three continents.

According to preliminary numbers, consolidated sales of AS Olainfarm in four months of 2017 was 38.28 million euros, which represents an increase by 9% compared to the same period of 2016.  The biggest sales increase during this period was achieved in The Netherlands, where sales grew by 427%, while sales to Germany increased by 151%.  The biggest sales reduction took place in Ukraine, where sales shrunk by 49%.  The major sales markets of the group in four months of 2017 were Russia, Latvia, Belarus, Ukraine and The Netherlands.

Sales of pharmacies of SIA Latvijas aptieka in four months of 2017 were 6.8 million euros, which represents an increase by 3% compared to the same period of 2016.  Sales of SIA Silvanols in four months of 2017 were 2.1 million euros, which is an increase by 31% compared to the same period of 2016, when Silvanols’ sales were 1.6 million euros. Products of SIA Silvanols in four months of 2017 were sold to nine European countries and with the help of AS Olainfarm also to Lithuania, Russia, Azerbaijan, Belarus and Armenia.  Sales of SIA Tonus Elast in four months reached 2.5 million euros and this company sold its products to 30 countries in 4 continents.

According to unconsolidated preliminary results, sales of AS Olainfarm in April 2017 were 9.38 million euros, which represents an increase by 22% compared to April 2016.  The biggest sales increase was achieved in The Netherlands, where sales grew by 6642%.  Sales to Lithuania grew by 49%, while sales to Russia increased by 44%.  The biggest sales reduction took place in Italy where sales shrunk by 43%.   In April 2017, the company also made significant shipments to Germany. The biggest sales markets during this period were Russia, Ukraine, Latvia, The Netherlands and Belarus. Products of AS Olainfarm were sold to 29 countries in five continents.