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Sales of Olainfarm in October grow by 22%

on 15 lapkričio, 2016 Komentarai įrašui Sales of Olainfarm in October grow by 22% yra išjungti

According to preliminary consolidated results of JSC Olainfarm for October 2016, sales of the group have reached 10.18 million euros, which represents an increase by 22% compared to the same period one year ago. The biggest sales increase was achieved in Uzbekistan, where sales grew by 220%. Sales to Russia grew by 94% but sales to Kyrgyzstan grew by 71%. During October, JSC Olainfarm also made significant shipments to The Netherlands, Germany and Georgia. Biggest sales markets during October were Russia, Latvia and Ukraine.

October 2016, consolidated salesSales, thsnd. EURChanges to October 2015Share in total sales
Russia4 21094%41%
Latvia2 3409%23%
Ukraine1 113-39%11%
Belarus547-24%5%
The Netherlands360NA4%
Kazakhstan340-4%3%
Uzbekistan300220%3%
Germany280NA3%
Kyrgyzstan11271%1%
Georgia98NA1%
Other477-53%5%
Total10 17722%100%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. during October 2016 were 1.62 million euros, which represents an increase by 1% compared to the same period one year ago. Sixty-four pharmacies were operating during this period. Sales of Latvian green pharma company Silvanols during October 2016 were 0.53 million euro, which represents an increase by 36% compared to sales this company made during October 2015. During this period, Silvanols Ltd. sold its products to eight European countries and with assistance from JSC Olainfarm also to Russia, Kazakhstan and Azerbaijan. Sales of elastic medical materials producer Tonus Elast Ltd. during October 2016 were 0.87 million euros, the company was making its sales to 16 countries in three continents.

According to preliminary results, in ten months of 2016, consolidated sales of JSC Olainfarm reached 88.69 million euros, which represents an increase by 9% compared to the same period of 2015. The most rapid sales increase during this ten months period was achieved in Uzbekistan, where sales grew by 85%. Sales to Ukraine grew by 25%, sales to Turkmenistan and the UK each grew by 24%. The major sales markets during ten months were Russia, Latvia, Ukraine and Belarus.

10 months of 2016, consolidated salesSales, thousand EURChanges to 10 months of 2015Share in total sales
Russia27 1991%31%
Latvia21 54014%24%
Ukraine13 26325%15%
Belarus6 86216%8%
Kazakhstan2 36412%3%
Uzbekistan2 08085%2%
The Netherlands1 999-60%2%
UK1 92123%2%
Poland1 0983%1%
Turkmenistan1 06723%1%
Other9 29922%10%
Total88 6929%100%

 

Sales of pharmacy chain of Latvijas aptieka Ltd. in ten months were 15.5 million euros, which represents an increase by 12% compared to ten months of last year. Sales of Silvanols Ltd. in ten months were 4.21 million euros, which represents an increase by 28% compared to the same period of 2015, when Silvanols’ sales were 3.3 million euros. Silvanols Ltd. made its sales to thirteen European countries and with assistance of JSC Olainfarm also to Albania, Kosovo, Azerbaijan, Kazakhstan, Belarus, Lithuania and Russia. Sales of Tonus Elast Ltd. in five months was 3.53 million euros, its products were sold to 30 countries in four continents.

According to preliminary unconsolidated results, sales of JSC Olainfarm in October 2016 were 8.02 million euros, which represents an increase by 11% compared to the same period of tha last year. The biggest sales increase was achieved in Uzbekistan, where it grew by 220%. Sales to Russia grew by 77%, but sales to Kyrgyzstan grew by 35%. During October 2016, significant shipments were also made to the Netherlands and Germany. The biggest sales markets were Russia, Ukraine, Latvia and Belarus. During October 2016, products of JSC Olainfarm were sold to 22 countries of Europe and Asia.

October 2016, unconsolidated salesSales, thsnd. EURChanges to October 2015Share in total sales
Russia3 84977%48%
Ukraine1 095-40%14%
Latvia1 0881%14%
Belarus522-27%7%
The Netherlands360NA4%
Uzbekistan300220%4%
Germany279NA3%
Kazakhstan143-60%2%
Kyrgyzstan8935%1%
Lithuania723%1%
Other221-75%3%
Total8 01811%100%

 

According to preliminary unconsolidated results, sales of JSC Olainfarm in ten months of 2016 was 74.09 million euros, which represents an increase by 4% compared to ten months of 2015. The most rapid sales increase during this ten months period was achieved in Uzbekistan, where sales grew by 85%. Sales to Lithuania grew by 25%, Sales to Ukraine grew by 24%, but sales to Turkmenistan grew by 23%. The biggest sales markets of JSC Olainfarm in ten months of 2016 were Russia, Ukraine, Latvia and Belarus. In total during this period, products of JSC Olainfarm were sold to 41 countries in four continents.

10 months of 2016, unconsolidated salesSales, thousand EURChanges to 10 months of 2015Share in total sales
Russia26 436-1%36%
Ukraine13 12624%18%
Latvia11 0057%15%
Belarus6 81516%9%
Uzbekistan2 08085%3%
The Netherlands1 999-60%3%
Kazakhstan1 870-11%3%
UK1 81516%2%
Turkmenistan1 06723%1%
Lithuania89025%1%
Other6 9895%9%
Total74 0924%100%

 

AGM of JSC Olainfarm held on June 7, this year approved operating plan of the Company and the Group, providing that Company’s sales in 2016 will reach 86 million euros, while Group’s sales will reach 100 million euros. According to these preliminary sales numbers, in ten months of 2016 eighty-six percent of planned annual Company’s sales and 89% percent of planned annual Group’s sales have been attained.

 

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 40 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.

 

Information prepared by:
Salvis Lapins
JSC Olainfarm Member of the Management Board
Rupnicu iela 5, Olaine, Latvia, LV 2114
Phone: +371 6 7013 717
Fax: +371 6 7013 777
E-mail: Salvis.Lapins@olainfarm.lv

 

 

 

Sales of Olainfarm in October grow by 22%