Emitents | Olainfarm, AS (213800WCG52W62ENOP27) |
Veids | Citi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2013-09-10 21:08:48 |
Versijas komentārs | |
Teksts |
Second Quarter 2013 Investor Conference Webinar
On September 10 AS „Olainfarm” organized its second quarter 2013
Investor Conference Online Webinar for investors. During the
webinar the member of the management board of AS „Olainfarm” Salvis
Lapiņš analysed the financial results of second quarter of 2013 and
discussed results in context of previously published annual
forecasts.
During the webinar Salvis Lapiņš reminded that in second quarter of
2013, Olainfarm have reached new profit and turnover records and
also analyzed factors that have influenced financial results in
this period. One of such factors was mentioned fluctuations in
Russian ruble rate against Euro that have decreased profit for the
second quarter by around 0.4 million LVL. At the same time member
of the board indicated that those fluctuations are taken into
account when signing agreements and further on it is planned to
negotiate this exchange rate with wholesalers on a quarterly basis.
In the webinar it was also indicated that sales decrease in Ukraine
that has happened due to significant over-shipment in the end of
2012 have strong impact on current financial results, though
currently sales to this country have started to recover and if such
a trend continues, management believes it is realistic to reach
annual sales and profit forecasts.
Salvis Lapiņš also invited investors to discussion about possible
Olainfarm stock split-off, which would tenfold the number of
company’s shares with nominal value of 0.1 LVL per share. Idea
about such split-off was introduced based on the fact that one
share of Olainfarm is currently one of the most expensive ones in
Baltic market and company has a broad retail investor base.
The recorded “Olainfarm” webinar is available online:
http://ej.uz/OLF10SEPT2013,
and the presentation, demonstrated during the webinar, can be found
in the previously published AS “Olainfarm” announcement:
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=572489&messageId=707299.
Olainfarm thanks all participants, who joined the webinar, and
encourages everybody to follow company’s announcements to get
information on the next webinar!
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 |
Pielikumi |
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