Company announcement

Olaine 15.08.2013

Sales of OlainFarm in July Reaches 3.86 Million Lats

Preliminary consolidated sales figures of AS “OlainFarm” for July show that sales have reached 3.86 million lats (5.5 million euro), which is 5% less than a year ago. The biggest sales increases were achieved in Belarus (growth by 600%) and Kazakhstan (growth by 109%). Major sales markets of AS “OlainFarm” during July 2013 were Russia, Ukraine and Latvia.

During the first seven months of 2013 according to preliminary results total consolidated sales of AS “OlainFarm” were 28.1 million lats (40 million euro), which represents an increase by 5% compared to similar period of 2012. The most rapid sales increases were achieved in the Netherlands, where sales grew by 2636%, Spain, where sales grew by 240% and Canada, where sales grew by 198%.  Major sales markets of AS “OlainFarm” during the first seven months of 2013 were Russia, Latvia, Belarus, Ukraine and United Kingdom.

Sales of pharmacies owned by AS “OlainFarm” during July 2013 were 0,76 million lats (1.08 million euro). Sales of pharmacies during seven months of 2013 were 5.3 million lats (7.5 million euro). Meanwhile, sales of SIA “Silvanols”, a company AS “OlainFarm” holds a 70.88% ownership stake in, reached 0.13 million lats in July.

According to preliminary unconsolidated results of AS “OlainFarm”, sales made during July 2013 were 3.24 million lats (4.61 million euro), which represents an decrease by 9% compared to similar period of 2012. The most rapid sales increases were achieved in Georgia (growth by 1614%), Belarus (growth by 600%) and Latvia (growth by 67%). According to unconsolidated results the major sales markets of AS “OlainFarm” in July 2013 were Russia, Ukraine, Latvia and Belarus.

In seven months of 2013 according to preliminary unconsolidated results the sales of AS “OlainFarm” have reached 24 million lats (34.15 million euro), which represents an increase by 4% compared to similar period of 2012. The most rapid sales increases during seven months have been achieved in the Netherlands (growth by 2636%), and Spain (growth by 240%). According to preliminary unconsolidated results, the major sales markets of AS “OlainFarm” in seven months of 2013.gada were Russia, Latvia, Belarus, Ukraine and United Kingdom.