Olaine, November 13, 2013

Sales Of OlainFarm In October Exceed 6 Million Lats

Preliminary consolidated sales results of AS “OlainFarm” for October 2013 show that sales have reached 6.11 million lats (8.69 million euro), which is an increase by 2% compared to the same period a year ago.  The biggest sales increases were achieved in Georgia, where sales grew by 165%, Lithuania, where sales grew by 131% and Belarus, where sales grew by 81%.  Major sales markets of AS “OlainFarm” in October 2013 were Russia, Latvia, Ukraine and the UK.  Significant shipments were also made to Turkmenistan.

In ten months of 2013, according to preliminary consolidated figures, sales of AS “OlainFarm” have reached 44.28 million lats (63 million euro), which represents an increase by 8% compared to the same period of 2012. The most rapid sales increases during this period  were achieved in The Netherlands, where sales grew by 3055%, in Spain, where sales grew by 202% and Belarus, where sales grew by 64%.  Major sales markets of AS “OlainFarm” in ten months of 2013 were Russia, Latvia, Ukraine and Belarus.

Sales of SIA “Latvijas aptieka”, a chain of pharmacies owned by AS “OlainFarm” in October 2013 were 0.91 million lats (1.29 million euro).  50 pharmacies of SIA “Latvijas aptieka” were operating during October. In ten months of 2013 sales of SIA “Latvijas aptieka” reached 7.8 million lats (11.1 million euro). Sales of SIA “Silvanols”, partially owned by AS “OlainFarm” in October 2013 were 0.17 million lats (0.24 million euro).

According to preliminary unconsolidated results of AS “OlainFarm”, sales in October 2013 were 5.42 million lats (7.71 million euro), which is just as much as they were during the same period one year ago. The most rapid sales increases were achieved in Georgia, where sales grew by 160%, in Lithuania, where sales grew by 91% and in Belarus, where sales grew by 81%. In October 2013, almost 0.07 million lats (0.98 million euro) worth of products of AS “OlainFarm” were sold to Turkmenistan.  According to unconsolidated results the major sales markets of AS “OlainFarm” during October 2013 were Russia, Ukraine, UK, Latvia, Belarus and Kazakhstan.  In total during October 2013 products of AS “OlainFarm” were sold to 21 countries in 3 continents.

According to preliminary unconsolidated results, in ten months of 2013 sales of AS “OlainFarm” have reached 38.13 million lats (54.25 million euro), which represents an increase by 6% compared to the same period of 2012. The most rapid sales increases were achieved in The Netherlands and Spain, where sales grew by 3055% and 202% respectively.  Relatively significant sales increase in ten months has also been achieved in Latvia (by 73%), Belarus (by 64%) and Georgia (by 47%).  According to preliminary unconsolidated results, major sales markets of AS “OlainFarm” in ten months of 2013 were Russia, Ukraine, Latvia, Belarus, Kazakhstan and the UK.  In total in ten months of 2013 products of AS “OlainFarm” were sold to 35 countries in 5 continents.