Olaine, December 17, 2012
“Olainfarm” Achieves Record Sales in November
Preliminary consolidated results of AS “Olainfarm” for November
show that sales of the company have increased by 95%
compared to the same period one year ago and reached 6.04 million
lats (8.59 million euro). Biggest sales increases were
experienced in Ukraine, where sales grew by 526% and Latvia, where
sales grew by 338%. Major sales markets of AS “Olainfarm”
in November 2012 were Ukraine, Russia, Latvia and
Belarus.
November 2012, consolidated results Share in total sales
Changes to November 2011
Ukraine 50% 526%
Russia 23% -2%
Latvia 14% 338%
Belarus 4% -39%
Kazakhstan 3% -29%
Taiwan 2% NA
Canada 1% NA
Moldova 1% 117%
Azerbaijan >1% -33%
Kyrgyzstan >1% 87%
Other 2% -58%
Total 100% 95%
Because of the possible delay with renewal of registration
documents, there is a risk that at the beginning of 2013,
imports
of several products to Ukraine will be temporarily limited.
For this reason, during extra shipments to Ukraine were
made.
It is very difficult to identify the precise value of extra
shipments, however, it has been preliminary estimated that in
addition to normal demand, products worth 1.9 million lats were
sold to Ukraine during November.
During eleven months of 2012 preliminary consolidated sales of
AS “Olainfarm” reached 47.12 million lats (67.05 million euro),
which represents an increase by 40% compared to the same
period of 2011. Biggest sales increases during these 11
months
were achieved in Taiwan, where sales grew 11.5 times, Latvia (4
times), UK, where sales nearly doubled, Uzbekistan, where
sales grew by 36%, and Russia where sales grew by 30%. Major
sales markets of AS “Olainfarm” during eleven months of
2012
were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.
11 months of 2011, unconsolidated results Share in total
sales Changes to 11 months of 2011
Russia 35% 30%
Ukraine 24% 27%
Latvia 18% 319%
Belarus 5% -16%
UK 4% 92%
Kazakhstan 4% 6%
Uzbekistan 1% 36%
Taiwan 1% 1051%
Georgia 1% 1%
Moldova 1% 1%
Other 6% -14%
Total 100% 40%
During November 2012, pharmacies owned by AS “Olainfarm” made sales
of 0.66 million lats (0.94 million euro). During eleven
months of 2012 sales of pharmacies owned by AS “Olainfarm” were
6.48 million lats (9.22 million euro).
According to preliminary unconsolidated figures, sales of AS
“Olainfarm” in November 2012 were 5.53 million lats (7.87
million euro), which represents an increase by 79% compared to the
same period a year ago. The biggest sales increases were
experienced in Ukraine (by 526%), Moldova (by 117%), Kyrgyzstan (by
87%), and Latvia, where sales increased by 69%.
According to unconsolidated numbers the major sales markets of AS
in November were Ukraine, Russia, Latvia and Belarus.
November 2012, unconsolidated results Share in total sales
Changes to November 2011
Ukraine 55% 526%
Russia 25% -2%
Latvia 6% 69%
Belarus 4% -39%
Kazakhstan 3% -29%
Taiwan 2% NA
Canada 1% NA
Moldova 1% 117%
Azerbaijan >1% -33%
Kyrgyzstan >1% 87%
Other 2% -58%
Total 100% 79%
According to preliminary data, during eleven months of 2012
unconsolidated sales of AS “Olainfarm” were 41.34 million lats
(58.8 million euro), which represents an increase by 23% compared
to the same period of 2011. The most rapid sales
increases were observed in Taiwan, where sales grew 11.5 times and
the UK, where sales almost doubled. According to
preliminary unconsolidated figures the major sales markets of AS
“Olainfarm” during eleven months of 2012 were Russia,
Ukraine, Latvia, Belarus, UK and Kazakhstan.
11 months of 2012, unconsolidated results Share in total
sales Changes to 11 months of 2012
Russia 40% 30%
Ukraine 28% 27%
Latvia 7% 35%
Belarus 6% -16%
UK 5% 92%
Kazakhstan 4% 6%
Uzbekistan 2% 36%
Taiwan 1% 1051%
Georgia 1% 1%
Moldova 1% 1%
Other 7% -14%
Total 100% 23%
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 sale figures, during eleven months of 2012, target
of unconsolidated sales for the entire year has exceeded
as 103% of target are achieved, while according to preliminary
consolidated figures, during the eleven months of 2012 nearly
98% of the target are met.
________________________________________
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: Salvis.Lapins@olainfarm.lv
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