Preliminary consolidated results of JSC Olainfarm for August 2013 show that the sales have reached 4.39 million lats (6.25 million euro), which is by 13% more than during the same period last year. The biggest sales increases were achieved in Georgia, where sales grew 48 times, sales to Belarus grew by 424%, sales to Kyrgyzstan grew by 81%, and sales to Moldova 40%. Major sales markets of JSC Olainfarm in August 2013 were Russia, Latvia, Ukraine and Belarus.
| August 2013, consolidated results | Share in total sales | Changes to August 2012 |
| Russia | 42% | 4% |
| Latvia | 22% | 20% |
| Ukraine | 16% | 2% |
| Belarus | 9% | 424% |
| Kazakhstan | 4% | -24% |
| Uzbekistan | 2% | NA |
| Moldova | 1% | 40% |
| Kyrgyzstan | 1% | 81% |
| Georgia | 0% | 4832% |
| Italy | 0% | -59% |
| Other | 2% | -63% |
| Total | 100% | 13% |
During eight months of 2013 preliminary consolidated sales volume of JSC Olainfarm reached 32.47 million lats (46.2 million euro) which represents an increase by 6% compared to the same period of 2012. The most rapid sales increases during this period were observed in The Netherlands, where sales grew by 2636%, Kyrgyzstan, where sales grew by 62% and Belarus, where sales grew by 61%. Major sales markets of JSC Olainfarm in eight months of 2013 are Russia, Latvia, Belarus and Ukraine.
| 8 months of 2013, consolidated results | Share in total sales | Changes to 8 months of 2012 |
| Russia | 41% | 18% |
| Latvia | 24% | 30% |
| Belarus | 8% | 61% |
| Ukraine | 8% | -59% |
| Kazakhstan | 4% | 3% |
| UK | 4% | -14% |
| Uzbekistan | 2% | 18% |
| The Netherlands | 1% | 2636% |
| Georgia | 1% | 29% |
| Kyrgyzstan | 1% | 62% |
| Other | 7% | 5% |
| Total | 100% | 6% |
Sales of pharmacies owned by JSC Olainfarm during August 2013 were 0.74 million lats (1.05 million euro). In eight months these pharmacies had a total sales of 6.04 million lats (8.6 million euro).
According to preliminary unconsolidated results, sales of JSC Olainfarm during August 2013 were 3.81 million lats (5.42 million euro), which represents an increase by 14% compared to the same period of 2012. The most rapid sales increases were achieved in Georgia, where sales grew by 4832%, Belarus, where sales grew by 424% and Kyrgyzstan, where sales grew by 81%. According to unconsolidated results the major sales markets of JSC Olainfarm during August 2013 were Russia, Ukraine, Belarus and Latvia.
| August 2013, unconsolidated results | Share in total sales | Changes to August 2012 |
| Russia | 49% | 4% |
| Ukraine | 18% | 2% |
| Belarus | 11% | 424% |
| Latvia | 11% | 50% |
| Kazakhstan | 5% | -24% |
| Uzbekistan | 3% | NA |
| Moldova | 1% | 40% |
| Kyrgyzstan | 1% | 81% |
| Georgia | 1% | 4832% |
| Italy | 1% | -59% |
| Other | 1% | -78% |
| Total | 100% | 14% |
According to preliminary results, the unconsolidated sales of JSC Olainfarm in eight months of 2013 were 27.84 million lats (39.61 million euro), which represents an increase by 5% compares to the same period of 2012. The most rapid sales increases during eight months of this year have been achieved in The Netherlands and in Latvia, where sales increased by 2636% and 79% respectively. According to preliminary unconsolidated reaults, the major sales markets of JSC Olainfarm in eight months of 2013 were Russia, Latvia, Belarus, Ukraine and Kazakhstan.
| 8 months of 2013, unconsolidated results | Share in total sales | Changes to 8 months of 2012 |
| Russia | 48% | 18% |
| Latvia | 12% | 79% |
| Belarus | 10% | 61% |
| Ukraine | 9% | -59% |
| Kazakhstan | 5% | 3% |
| UK | 4% | -14% |
| Uzbekistan | 2% | 18% |
| The Netherlands | 2% | 2636% |
| Georgia | 1% | 29% |
| Kyrgyzstan | 1% | 62% |
| Other | -1% | 8% |
| Total | 100% | 5% |
On April 12 Board of JSC Olainfarm approved operating plan of the Company for 2013, according to which unconsolidated sales of the company in 2013 will be as high as 50 million lats (71.1 million euro), while consolidated sales will be as high as 59 million lats (83.9 million lats). According to these preliminary sales figures, during eight months 56% of target for unconsolidated sales and 55% of target for consolidated sales have been made.
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
