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Sales of OlainFarm in June Reaches 4.75 Million Lats

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Olainfarm, AS (213800WCG52W62ENOP27)

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2013-07-15 16:33:10

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Company announcement

Olaine 15.07.2013

Sales of OlainFarm in June Reaches 4.75 Million Lats

Preliminary consolidated sales figures of AS “OlainFarm” for June show that sales have reached 4.75 million lats (6.76 million euro), which is 14% more than a year ago. The biggest sales increases were achieved in Turkmenistan (growth by 434%), United Kingdom (growth by 50%) and Kazakhstan (growth by 31%). Major sales markets of AS “OlainFarm” during June 2013 were Russia, Ukraine and Latvia.

June 2013, consolidated results	Share in total sales	Changes to June 2012
Russia	32%	18%
Ukraine	16%	27%
UK	12%	50%
Latvia	20%	20%
Belarus	5%	-39%
Kazakhstan	5%	31%
Canada	2%	NA
Turkmenistan	1%	434%
Lithuania	1%	10%
Georgia	1%	-23%
Other	5%	-42%
Total	100%	14%

During the first six months of 2013 according to preliminary results total consolidated sales of AS “OlainFarm” were 24.43 million lats (34.76 million euro), which represents an increase by 8% compared to similar period of 2012. The most rapid sales increases were achieved in the Netherlands, where sales grew by 1982%, Spain, where sales grew by 233% and Canada, where sales grew by 198%. Major sales markets of AS “OlainFarm” during the first six months of 2013 were Russia, Latvia, Belarus, Ukraine and United Kingdom.

Six months of 2013, consolidated results	Share in total sales	Changes to six months of 2012
Russia	41%	26%
Latvia	24%	32%
Belarus	8%	33%
Ukraine	6%	-63%
UK	5%	-14%
Kazakhstan	4%	5%
Uzbekistan	1%	22%
The Netherlands	1%	1982%
Canada	1%	198%
Georgia	1%	2%
Other	8%	7%
Total	100%	8%

Sales of pharmacies owned by AS “OlainFarm” during June 2013 were 0,73 million lats (1.04 million euro). Sales of pharmacies during six months of 2013 were 4.6 million lats (6.5 million euro). Meanwhile, sales of SIA “Silvanols”, a company AS “OlainFarm” holds a 70.88% ownership stake in, reached 0.13 million lats in June.

According to preliminary unconsolidated results of AS “OlainFarm”, sales made during June 2013 were 4.13 million lats (5.88 million euro), which represents an increase by 8% compared to similar period of 2012. The most rapid sales increases were achieved in Turkmenistan (growth by 434%), Latvia (growth by 59%) and United Kingdom (growth by 50%). According to unconsolidated results the major sales markets of AS “OlainFarm” in June 2013 were Russia, Ukraine, United Kingdom and Latvia.

June 2013, unconsolidated results	Share in total sales	Changes to June 2012
Russia	37%	18%
Ukraine	18%	27%
UK	14%	50%
Latvia	9%	59%
Belarus	6%	-39%
Kazakhstan	5%	31%
Canada	2%	NA
Turkmenistan	1%	434%
Georgia	1%	-23%
Lithuania	1%	1%
Other	5%	-50%
Total	100%	15%

In six months of 2013 according to preliminary unconsolidated results the sales of AS “OlainFarm” have reached 20.98 million lats (29.85 million euro), which represents an increase by 8% compared to similar period of 2012. The most rapid sales increases during six months have been achieved in the Netherlands (growth by 1982%), and Canada (growth by 198%). According to preliminary unconsolidated results, the major sales markets of AS “OlainFarm” in six months of 2013.gada were Russia, Latvia, Belarus, Ukraine and United Kingdom.

Six months of 2013, unconsolidated results	Share in total sales	Changes to six months of 2012
Russia	47%	26%
Latvia	11%	87%
Belarus	10%	33%
Ukraine	7%	-63%
UK	5%	-14%
Kazakhstan	5%	5%
Uzbekistan	2%	22%
The Netherlands	2%	1982%
Canada	1%	198%
Georgia	1%	2%
Other	9%	5%
Total
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