Olaine, August 15, 2012
Sales of “Olainfarm” in July increase by 51%
Preliminary consolidated results of AS “Olainfarm” for July show
that the sales of the company have increased by 51% compared
to the same period a year ago and have reached 4.06 million lats
(5.78 million euro). The biggest sales increases were
achieved in India, where sales grew 158 times, in Latvia by 430%,
in Turkey by 73% and in Russia by 45%. Major sales
markets
of AS “Olainfarm” in July of 2012 were Russia, Ukraine, Latvia and
Uzbekistan.
July 2012: Consolidated results Share in total sales
Changes to July 2011
Russia 42% 45%
Ukraine 29% 18%
Latvia 18% 430%
Uzbekistan 4% NA
India 1% 15784%
Tajikistan 1% NA
Kazakhstan 1% 20%
Poland 1% NA
Belarus 1% -86%
Turkey 1% 73%
Others 1% -69%
Total 100% 51%
According to preliminary results, consolidated sales of AS
“Olainfarm” during seven months of 2012 were 26.68 million lats
(37.96 million euro), which represents an increase by 29% compared
to the same period of 2011. The most rapid sales increase
during this seven months period was achieved in Taiwan, where sales
have grown nearly 7 times, sales to Latvia have grown
fourfold, sales to the UK have grown by 75%, but sales to Georgia
have grown by 40%. Major sales markets of AS “Olainfarm”
in seven months of 2012 were Russia, Ukraine, Latvia, Belarus, UK
and Kazakhstan.
7 months of 2012: consolidated results Share in total
sales Changes to 7 months of 2011
Russia 36% 17%
Ukraine 20% 6%
Latvia 19% 326%
Belarus 6% -10%
UK 5% 75%
Kazakhstan 4% 4%
Uzbekistan 2% 10%
Taiwan 1% 596%
Lithuania 1% -17%
Georgia 1% 40%
Others 6% -20%
Total 100% 29%
Sales of pharmacies owned by AS “Olainfarm” in July 2012 were 0.57
million lats (0.81 million euro). In seven months of 2012
sales of pharmacies owned by AS “Olainfarm” were 3.63 million lats
(5.17 million euro).
According to preliminary unconsolidated results the sales of AS
“Olainfarm” during July 2012 was 3.56 million lats (5.06
million euro), which represents an increase by 32% compared to the
same period a year ago. The most rapid sales increased
were achieved in India, where sales grew 158 times, sales to Latvia
and Turkey grew by 73%, sales to Russia grew by 45%.
Biggest markets of AS “Olainfarm” in unconsolidated sales during
July 2012 were Russia, Ukraine, Latvia and Uzbekistan.
July 2012: unconsolidated results Share in total sales
Changes to July 2011
Russia 48% 45%
Ukraine 33% 18%
Latvia 7% 73%
Uzbekistan 5% NA
India 1% 15784%
Tajikistan 1% NA
Kazakhstan 1% 20%
Poland 1% NA
Belarus 1% -86%
Turkey 1% 73%
Other 1% -69%
Total 100% 32%
According to preliminary results during 7 months of 2012
unconsolidated sales of AS “Olainfarm” were 23.05 million lats
(32.79 million euro). This represents an increase by 12%
compared to the same period of 2011. The most rapid sales
increase
during this seven months period was achieved in Taiwan, where sales
have grown nearly 7 times, , sales to the UK have grown
by 75%, sales to Georgia have grown by 40%, while sales to Latvia
increased by 26%. Major sales markets of AS “Olainfarm”
in
seven months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and
Kazakhstan.
7 months of 2012: unconsolidated results Share in total
sales Changes to 7 months of 2011
Russia 41% 17%
Ukraine 23% 6%
Belarus 7% -10%
Latvia 7% 26%
UK 6% 75%
Kazakhstan 4% 4%
Uzbekistan 2% 10%
Taiwan 1% 596%
Lithuania 1% -17%
Georgia 1% 40%
Other 7% -20%
Total 100% 12%
Sales forecasts of AS „Olainfarm” for 2012 provide that
unconsolidated sales will reach 40 million lats (56.91 million
euro),
while consolidated sales will be as high as 47 million lats (66.9
million euro). According to these preliminary results,
during 7 months of 2012, the company has achieved nearly 58% of
planned unconsolidated sales and nearly 57% of planned
consolidated sales.
________________________________________ A/s Olainfarm is one of
the biggest pharmaceutical companies in Latvia with 40 years
of experience in production of medication and chemical and
pharmaceutical products. A basic principle of company's
operations
is to produce reliable and effective top quality products for
Latvia and the rest of the world. Products made by the Group
are being exported to more than 30 countries of the world,
including the Baltics, Russia, other CIS, Europe, Asia, North
America and Australia.
Information prepared by:
Salvis Lapins
Member of the Board
A/s „Olainfarm”
Tel: +371 6 7013 717
E-mail: slapinsh@olainfarm.lv
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