Olainfarm
Company Announcement

Sales of “Olainfarm” in September Exceed 4,5 Million Lats

Preliminary consolidated results of AS “Olainfarm” for September 2012 show that the sales have increased by 22% compared to the same period a year ago and have reached 4.52 million lats (6.43 million euro). The biggest sales increases have been achieved in Latvia (by 250%) and Russia (by 74%). Major sales markets of AS “Olainfarm” in September 2012 were Russia, Latvia, Ukraine and Belarus.

Olaine, 2012-10-15 16:06 CEST --  

According to preliminary results in 9 months of 2012 consolidated sales of AS “Olainfarm” were  35.07 million lats (49.90 million euro), this represents an increase by 31% compared to the same period of 2011. In nine months of this year the biggest sales increases were experienced in Taiwan, where sales grew eightfold, sales in Latvia grew fourfold, sales to the UK doubled, but sales to Russia grew by 30%. Major sales markets of  AS “Olainfarm” in nine months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.

Sales of pharmacies owned by AS “Olainfarm” during September 2012 were 0.64 million lats (0.91 million euro). In nine months of 2012 sales of pharmacies owned by AS “Olainfarm” was 5.1 million lats (7.3 million euro).

According to preliminary results, unconsolidated sales of AS “Olainfarm” in September 2012 were 3.98 million lats (5.66 million euro), which represents an increase by 7% compared to the same period a year ago.  The biggest sales increase was observed in Russia, where sales grew by 74%.  According to unconsolidated results the major sales markets of AS “Olainfarm” in September of 2012 were Russia, Ukraine, Belarus and Latvia.

According to preliminary results, in nine months of 2012 unconsolidated sales of AS “Olainfarm” was 30.37 million lats (43.21 million euro), which represents a increase by 14%, compared to the same period of 2011.  The most rapid sales increases were achieved in Taiwan, where sales grew eightfold, UK, where sales doubled, and Latvia, where sales grew by 25%.  According to these preliminary unconsolidated results major sales markets of AS “Olainfarm” in nine months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.

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 nine months of 2012 nearly 76% of annual target for unconsolidated sales and nearly 73% 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