Olaine, October 15, 2012
Sales of “Olainfarm” in September Exceed 4,5 Million
Lats
Preliminary consolidated results of AS “Olainfarm” for September
2012 show that the sales have increased by 22% compared to
the same period a year ago and have reached 4.52 million lats (6.43
million euro). The biggest sales increases have been
chieved in Latvia (by 250%) and Russia (by 74%). Major sales
markets of AS “Olainfarm” in September 2012 were Russia,
Latvia,
Ukraine and Belarus.
September 2012, consolidated results Share in total sales
Changes to September 2011
Russia 39% 74%
Latvia 17% 250%
Ukraine 17% -53%
Belarus 6% -24%
UK 4% NA
Bulgaria 3% NA
Kazakhstan 2% -12%
Germany 2% NA
Spain 1% NA
Uzbekistan 1% NA
Other 7% -24%
Total 100% 22%
According to preliminary results in 9 months of 2012 consolidated
sales of AS “Olainfarm” were 35.07 million lats
(49.90 million euro), this represents an increase by 31% compared
to the same period of 2011. In nine months of this year the
biggest sales increases were experienced in Taiwan, where sales
grew eightfold, sales in Latvia grew fourfold, sales to the
UK doubled, but sales to Russia grew by 30%. Major sales markets
of AS “Olainfarm” in nine months of 2012 were Russia,
Ukraine, Latvia, Belarus, UK and Kazakhstan.
9 months of 2012, consolidated results Share in total
sales Changes to 9 months od 2011
Russia 37% 30%
Ukraine 19% -7%
Latvia 19% 312%
Belarus 5% -11%
UK 4% 100%
Kazakhstan 4% 6%
Uzbekistan 1% 2%
Taiwan 1% 713%
Lithuania 1% -10%
Georgia 1% -4%
Other 6% -5%
Total 100% 31%
Sales of pharmacies owned by AS “Olainfarm” during September 2012
were 0.64 million lats (0.91 million euro). In nine months
of 2012 sales of pharmacies owned by AS “Olainfarm” was 5.1 million
lats (7.3 million euro).
According to preliminary results, unconsolidated sales of AS
“Olainfarm” in September 2012 were 3.98 million lats (5.66
million euro), which represents an increase by 7% compared to the
same period a year ago. The biggest sales increase was
observed in Russia, where sales grew by 74%. According to
unconsolidated results the major sales markets of AS
“Olainfarm”
in September of 2012 were Russia, Ukraine, Belarus and Latvia.
September 2012, unconsolidated results Share in total sales
Changes to September 2011
Russia 44% 74%
Ukraine 19% -53%
Belarus 7% -24%
Latvia 6% 5%
UK 5% NA
Bulgaria 3% NA
Kazakhstan 3% -12%
Germany 2% NA
Spain 2% NA
Uzbekistan 2% NA
Other 8% -24%
Total 100% 7%
According to preliminary results, in nine months of 2012
unconsolidated sales of AS “Olainfarm” was 30.37 million lats
(43.21 million euro), which represents a increase by 14%, compared
to the same period of 2011. The most rapid sales
increases were achieved in Taiwan, where sales grew eightfold, UK,
where sales doubled, and Latvia, where sales grew by 25%.
According to these preliminary unconsolidated results major sales
markets of AS “Olainfarm” in nine months of 2012 were
Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.
9 months of 2012, unconsolidated results Share in total sales
Changes to 9 months of 2011
Russia 43% 30%
Ukraine 22% -7%
Latvia 7% 24%
Belarus 6% -11%
UK 5% 100%
Kazakhstan 4% 6%
Uzbekistan 2% 2%
Taiwan 1% 713%
Lithuania 1% -10%
Georgia 1% -4%
Other 7% -5%
Total 100% 14%
Sales forecasts of AS „Olainfarm” for 2012.gada provide that
unconsolidated sales in 2012 will reach 40 million lats (56.91
million euro), but consolidated sales will reach 48 million lats
(68.3 million euro). According to these preliminary
unconsolidated sales figures, in nine months of 2012 nearly 76% of
annual target for unconsolidated sales and nearly 73% of
annual target for consolidated sales have been achieved.
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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
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