Sales of “Olainfarm” in August Increase by 65%

17/09/2012

Preliminary consolidated results of AS “Olainfarm” for August show that sales have increased by 65% compared to the same period a year ago and reached 3.88 million lats (5.52 million euro). Biggest sales increases were achieved in Latvia (by 294%), Kyrgyzstan (by 162%), Canada (by 111%), and Russia (by 98%).  Major sales markets of AS “Olainfarm” in August 2012 were Russia, Latvia, Ukraine and Kazakhstan.

August 2012, consolidated results Share in total sales Changes to August 2011
Russia 46% 98%
Latvia 20% 294%
Ukraine 17% 0%
Kazakhstan 6% 34%
Canada 2% 111%
Belarus 2% 8%
Italy 1% -38%
Taiwan 1% NA
Moldova 1% 27%
Kyrgyzstan 1% 162%
Other 2% -58%
Total 100% 65%

In eight months of 2012, preliminary consolidated sales of AS “Olainfarm” are 30.55 million lats (43.46 million euro) – which represents an increase by 33%, compared to the same period of 2011. The most rapid sales increases have been achieved inTaiwanwhere sales grew 8 times,Latvia4 times, theUK, where sales grew by 75%, andGeorgiawhere sales grew by 38%.  Major sales markets of AS “Olainfarm” in eight months of 2012 wereRussia,Ukraine,Latvia,Belarus, theUKandKazakhstan.

8 months of 2012, consolidated results Share in total sales Changes to 8 months of 2011
Russia 37% 25%
Ukraine 20% 5%
Latvia 19% 322%
Belarus 5% -9%
UK 4% 75%
Kazakhstan 4% 8%
Uzbekistan 1% -11%
Taiwan 1% 713%
Lithuania 1% -21%
Georgia 1% 38%
Other 6% -16%
Total 100% 33%

Sales of pharmacies owned by AS “Olainfarm” in August 2012 were 617 thousand lats (878 thousand euro).  In eight months of 2012 sales of pharmacies owned by AS “Olainfarm” were 4.5 million lats (6.4 million euro).

According to preliminary unconsolidated results, sales of AS “Olainfarm” in August 2012 were 3,36 million lats (4.78 million euro), which represents an increase by 43% compared to this period a year ago. The most rapid sales increases were achieved inKyrgyzstan(by 162%),Canada(by 111%), as well asRussia(by 98%).  In August of 2012 significant shipments were also made toTaiwan.  According to unconsolidated results, the major sales markets of AS “Olainfarm” in August wereRussia,Ukraine,LatviaandKazakhstan.

August 2012, unconsolidated results Share in total sales Changes to August 2011
Russia 53% 98%
Ukraine 20% 0%
Latvia 8% 33%
Kazakhstan 7% 34%
Canada 3% 111%
Belarus 2% 8%
Italy 2% -38%
Taiwan 2% NA
Moldova 1% 27%
Kyrgyzstan 1% 162%
Other 2% -58%
Total 100% 43%

In eight months of 2012, according to preliminary unconsolidated results sales of AS “Olainfarm” have reached 26.39 million lats (37.55 million euro) – which is an increase by 15%, compared to the same period in 2011.  During eight months of this year the most rapid sales increases were achieved inTaiwan, where sales grew 8 tomes, theUKby 75%,Georgiaby 38%,Latviaby 27% andRussiaby 25%. According to preliminary unconsolidated results major sales markets of AS “Olainfarm” in eight months of 2012 wereRussia,Ukraine,Latvia,Belarus,UKandKazakhstan.

8 months of 2012, unconsolidated results Share in total sales Changes to 8 months of 2011
Russia 43% 25%
Ukraine 23% 5%
Latvia 7% 27%
Belarus 6% -9%
UK 5% 75%
Kazakhstan 5% 8%
Uzbekistan 2% -11%
Taiwan 1% 713%
Lithuania 1% -21%
Georgia 1% 38%
Other 7% -16%
Total 100% 15%

Sales forecasts of AS „Olainfarm” for 2012.gada provide that unconsolidated sales in 2012 will reach 40 million lats (56.91 million euro), but consolidated sales will reach 48 million lats (68.3 million euro).  According to these preliminary unconsolidated sales figures, in eight months of 2012 nearly 66% of annual target for unconsolidated sales and nearly 64% of annual target for consolidated sales have been achieved.

 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
Member of the Board
A/s „Olainfarm”
Tel: +371 6 7013 717
E-mail: slapinsh@olainfarm.lv