Sales of “Olainfarm” in June increase by 20%

16/07/2012

Preliminary consolidated results of AS “Olainfarm” for June 2012 show that the sales have increased by 20% compared to the same period a year ago and have reached 4.16 million lats (5.92 million euro). The biggest sales increases were achieved in Lithuania by 517%, Latvia by 291% and Belarus by 201% Major sales markets of AS “Olainfarm” in June 2012 were Russia, Latvia, Ukraine, Belarus and the UK.

June 2012: consolidated sales Share in total sales Changes to June 2011
Russia 31% -15%
Latvia 19% 291%
Ukraine 14% -22%
Belarus 10% 201%
UK 9% NA
Kazakhstan 4% -23%
Taiwan 3% NA
Australia 2% NA
Georgia 2% 21%
Lithuania 1% 517%
Other 4% -67%
Total 100% 20%

In six months of 2012 preliminary consolidated sales of AS “Olainfarm” were 22.62 million lats (32.19 million euro), which represents an increase by 26% compared to the same period a year ago.  The biggest sales increases were achieved inTaiwan, where sales grew by 596%, inLatvia, where sales grew by 313%, and theUK, where sales grew by 75%.  Major sales markets of AS “Olainfarm” in six months of 2012 wereRussia,Latvia,Ukraine,Belarusand theUK.

6 months of 2012: consolidated sales Share in total sales Changes to 6 months of 2011
Russia 35% 13%
Latvia 20% 313%
Ukraine 19% 3%
Belarus 7% 0%
UK 6% 75%
Kazakhstan 4% 3%
Taiwan 1% 596%
Uzbekistan 1% -31%
Lithuania 1% -5%
Georgia 1% 41%
Other 6% -26%
Total 100% 26%

Sales of pharmacies owned by AS “Olainfarm” in June 2012 were 0.63 million lats (0.9 million euro).   In six months of 2012 sales of these pharmacies were 3.29 million lats (4.68 million euro).

According to unconsolidated preliminary results of AS “Olainfarm”, sales during June 2012 were 3.6 million lats (5.12 million euro).  This represents an increase by 4% compared to the same period a year ago.  The biggest sales increases were achieved inLithuania– by 517%, andBelarusby 201%.  Major markets for unconsolidated sales of AS “Olainfarm” in June 2012 wereRussia,Ukraine,Belarus,UKandLatvia.

June 2012: unconsolidated sales Share in total sales Changes to June 2011
Russia 36% -15%
Ukraine 16% -22%
Belarus 12% 201%
UK 11% NA
Latvia 6% 11%
Kazakhstan 5% -23%
Taiwan 3% NA
Australia 2% NA
Georgia 2% 21%
Lithuania 1% 517%
Other 5% -67%
Total 100% 4%

During six months of 2012 preliminary unconsolidated sales of AS “Olainfarm” were 19.49 million lats (27.73 million euro).  This represents an increase by 8% compared to the same period a year ago. The biggest sales increases were achieved inTaiwan– by 596%, theUK– by 75% and Georgia by 41%.  In terms of unconsolidated sales, the major sales markets of AS “Olainfarm” in six months of 2012 wereRussia,Ukraine,Belarus,UK,LatviaandKazakhstan

6 months of 2012: unconsolidated sales Share in total sales Changes to 6 months of 2011
Russia 40% 13%
Ukraine 22% 3%
Belarus 8% 0%
UK 7% 75%
Latvia 7% 20%
Kazakhstan 5% 3%
Taiwan 2% 596%
Uzbekistan 1% -31%
Lithuania 1% -5%
Georgia 1% 41%
Other 7% -26%
Total 100% 8%

Sales target of AS „Olainfarm” for 2012 provides that unconsolidated sales of the company for the entire year will be as high as 40 million lats (56.91 million euros), while the consolidated sales will reach 47 million lats (66.9 million euro).  According to these preliminary unconsolidated sales results, during 6 months of 2012 49% of annual unconsolidated sales target was achieved, but according to preliminary consolidated sales results for 6 months of 2012, during this period 48% of annual target for consolidated sales were made.

A/s Olainfarm is one of the biggest pharmaceutical companies in Latvia with nearly 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