News

Sales of Olainfarm in April Reaches 3.78 Million Lats

on May 15, 2013

Preliminary consolidated sales figures of JSC Olainfarm for April show that sales have reached 3.78 million lats (5.38 million euro), which is almost for one fifth (17%) more than a year ago.  The biggest sales increases were achieved in Canada (growth by 541%) and Spain (growth by 362%). Major sales markets of JSC Olainfarm during April 2013 were Russia, Latvia and Belarus.

April 2013,   consolidated results Share in total   sales Changes to April   2012
Russia 36% 32%
Latvia 26% 44%
Belarus 8% 60%
The Netherlands 6% NA
Kazakhstan 5% 53%
Spain 4% 362%
Canada 3% 541%
Germany 3% NA
Uzbekistan 3% 4%
Moldova 1% NA
Other 4% -84%
Total 100% 17%

 

During the first four months of 2013 according to preliminary results total consolidated sales of JSC Olainfarm were 16.3 million lats (23.2 million euro), which represents an increase by 7% compared to similar period of 2012.  The most rapid sales increases were achieved in the Netherlands, where sales grew by 1291%, Spain, where sales grew by 233% and Belarus, where sales grew by 69%.  Major sales markets of  JSC Olainfarm during the first four months of 2013 were Russia, Latvia, Belarus, Ukraine and Kazakhstan.

4 months of 2013, consolidated   results Share in total   sales Changes to four   months of 2012
Russia 43% 28%
Latvia 24% 35%
Belarus 9% 69%
Ukraine 5% -74%
Kazakhstan 4% 18%
UK 4% -24%
Uzbekistan 2% 32%
The Netherlands 1% 1291%
Spain 1% 233%
Italy 1% NA
Other 7% -17%
Total 100% 7%

 

Sales of pharmacies owned by JSC Olainfarm during April 2013 were 0,8 million lats (1.14 million euro). Sales of pharmacies during 4 months o 2013 were 3.05 million lats (4.34 million euro).

According to preliminary unconsolidated results of JSC Olainfarm, sales made during April 2013 were 3.21 million lats (4.57 million euro). The most rapid sales increases were achieved in Canada (growth by 541%), Spain (growth by 362%) and un Latvia (growth by 130%).  According to unconsolidated results the major sales markets of JSC Olainfarm in April 2013 were Russia, Latvia, Belarus and The Netherlands.

April 2013, unconsolidated results Share in total sales Changes to April 2012
Russia 42% 32%
Latvia 13% 130%
Belarus 10% 60%
The Netherlands 7% NA
Kazakhstan 6% 53%
Spain 5% 362%
Canada 4% 541%
Germany 4% NA
Uzbekistan 3% 4%
Moldova 1% NA
Other 5% -84%
Total 100% 18%

 

In 4 months of 2013 according to preliminary unconsolidated results the sales of JSC Olainfarm have reached 14.01 million lats (19.93 million euro), which represents an increase by 6% compared to similar period of 2012. The most rapid sales increases during four months have been achieved in the Netherlands (growth by 1291%), and Spain (growth by 233%). According to preliminary unconsolidated results, the major sales markets of  JSC Olainfarm in four months of 2013.gada were Russia, Latvia, Belarus, Ukraine and Kazakhstan.

Four months of   2013, unconsolidated results Share in total   sales Changes to four   months of 2012
Russia 50% 28%
Latvia 12% 97%
Belarus 10% 69%
Ukraine 6% -74%
Kazakhstan 5% 18%
UK 4% -24%
Uzbekistan 2% 32%
The Netherlands 2% 1291%
Spain 1% 233%
Italy 1% NA
Other 8% -17%
Total 100% 6%

 

An Annual General Meeting of JSC Olainfarm held on April 29, approved operating plan of the company for 2013, according to which the target of 50 million lats (71.1 million euro)  was set for unconsolidated sales and target of 59 million lats (83.9 million euro) was set for consolidated sales.  According to these preliminary results in four months of 2013, 28% of annual target of unconsolidated sales and 27.6% of annual target for consolidated sales have been achieved.

 

JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with more than 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 35 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
JSC Olainfarm
Tel: +371 6 7013 717
Cell: +371 2 6448 873
E-mail: slapinsh@olainfarm.lv

 

SigitaSales of Olainfarm in April Reaches 3.78 Million Lats