Sales of Olainfarm Increase by 55% in January
Preliminary consolidated results of AS “Olainfarm” for January 2013 show that sales have increased by 55% compared to the same period of last year and have reached 5.47 million lats (7.78 million euros). Major sales increases were achieved in Belarus, where sales grew by 110%, Russia (by 105%) and Latvia, where sales grew by 48%. Biggest sales markets of AS “Olainfarm” in January 2013 were Russia, Latvia and Ukraine
|January 2013, consolidated results||Share in total sales||Changes to January 2012|
Sales of pharmacies owned by AS “Olainfarm” in January 2013 was 0.74 million lats (1.05 million euros).
According to preliminary unconsolidated results of AS “Olainfarm”, the sales during January 2013 were 4.92 million lats (7 million euros), which represents an increase by 63% compared to similar period a year ago. Most rapid sales increases were achieved in Latvia (by 165%), Belarus (by 110%) and Russia, where sales grew by 105%. According to unconsolidated results the main sales markets of AS “Olainfarm” in January 2013 were Russia, Ukraine, Latvia and Belarus.
|January 2013, unconsolidated results||Share in total sales||Changes to January 2012|
Although no sales targets for 2013 are formally approved yet, for planning purposes management is using the target of 50 million lats (71.1 million euros) for unconsolidated sales and 57 million lats (81.1 million euros) for consolidated sales. According to these preliminary results, during the month of January the company has made 9.8% of annual unconsolidated sales target and 9.6% of annual consolidated sales target.
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:
Member of the Board
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