“Olainfarm” Achieves Record Sales in November
12/17/2012 10:27 AM EST
Olainfarm
Company Announcement
“Olainfarm” Achieves Record Sales in November
Preliminary consolidated results of AS “Olainfarm” for November show that sales
of the company have increased by 95% compared to the same period one year ago
and reached 6.04 million lats (8.59 million euro). Biggest sales increases
were experienced in Ukraine, where sales grew by 526% and Latvia, where sales
grew by 338%. Major sales markets of AS “Olainfarm” in November 2012 were
Ukraine, Russia, Latvia and Belarus.
Olaine, December 17, 2012, 2012-12-17 16:27 CET (GLOBE NEWSWIRE) --
November 2012, consolidated Share in total sales Changes to November
results 2011
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Ukraine 50% 526%
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Russia 23% -2%
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Latvia 14% 338%
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Belarus 4% -39%
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Kazakhstan 3% -29%
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Taiwan 2% NA
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Canada 1% NA
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Moldova 1% 117%
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Azerbaijan >1% -33%
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Kyrgyzstan >1% 87%
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Other 2% -58%
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Total 100% 95%
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Because of the possible delay with renewal of registration documents, there is
a risk that at the beginning of 2013, imports of several products to Ukraine
will be temporarily limited. For this reason, during extra shipments to
Ukraine were made. It is very difficult to identify the precise value of extra
shipments, however, it has been preliminary estimated that in addition to
normal demand, products worth 1.9 million lats were sold to Ukraine during
November.
During eleven months of 2012 preliminary consolidated sales of AS “Olainfarm”
reached 47.12 million lats (67.05 million euro), which represents an increase
by 40% compared to the same period of 2011. Biggest sales increases during
these 11 months were achieved in Taiwan, where sales grew 11.5 times, Latvia (4
times), UK, where sales nearly doubled, Uzbekistan, where sales grew by 36%,
and Russia where sales grew by 30%. Major sales markets of AS “Olainfarm”
during eleven months of 2012 were Russia, Ukraine, Latvia, Belarus, UK and
Kazakhstan.
11 months of 2011, unconsolidated Share in total Changes to 11 months of
results sales 2011
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Russia 35% 30%
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Ukraine 24% 27%
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Latvia 18% 319%
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Belarus 5% -16%
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UK 4% 92%
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Kazakhstan 4% 6%
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Uzbekistan 1% 36%
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Taiwan 1% 1051%
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Georgia 1% 1%
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Moldova 1% 1%
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Other 6% -14%
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Total 100% 40%
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During November 2012, pharmacies owned by AS “Olainfarm” made sales of 0.66
million lats (0.94 million euro). During eleven months of 2012 sales of
pharmacies owned by AS “Olainfarm” were 6.48 million lats (9.22 million euro).
According to preliminary unconsolidated figures, sales of AS “Olainfarm” in
November 2012 were 5.53 million lats (7.87 million euro), which represents an
increase by 79% compared to the same period a year ago. The biggest sales
increases were experienced in Ukraine (by 526%), Moldova (by 117%), Kyrgyzstan
(by 87%), and Latvia, where sales increased by 69%. According to
unconsolidated numbers the major sales markets of AS in November were Ukraine,
Russia, Latvia and Belarus.
November 2012, unconsolidated Share in total Changes to November
results sales 2011
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Ukraine 55% 526%
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Russia 25% -2%
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Latvia 6% 69%
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Belarus 4% -39%
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Kazakhstan 3% -29%
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Taiwan 2% NA
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Canada 1% NA
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Moldova 1% 117%
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Azerbaijan >1% -33%
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Kyrgyzstan >1% 87%
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Other 2% -58%
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Total 100% 79%
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According to preliminary data, during eleven months of 2012 unconsolidated
sales of AS “Olainfarm” were 41.34 million lats (58.8 million euro), which
represents an increase by 23% compared to the same period of 2011. The most
rapid sales increases were observed in Taiwan, where sales grew 11.5 times and
the UK, where sales almost doubled. According to preliminary unconsolidated
figures the major sales markets of AS “Olainfarm” during eleven months of 2012
were Russia, Ukraine, Latvia, Belarus, UK and Kazakhstan.
11 months of 2012, unconsolidated Share in total Changes to 11 months of
results sales 2012
--------------------------------------------------------------------------------
Russia 40% 30%
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Ukraine 28% 27%
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Latvia 7% 35%
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Belarus 6% -16%
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UK 5% 92%
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Kazakhstan 4% 6%
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Uzbekistan 2% 36%
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Taiwan 1% 1051%
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Georgia 1% 1%
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Moldova 1% 1%
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Other 7% -14%
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Total 100% 23%
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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 sale figures, during eleven months of 2012, target
of unconsolidated sales for the entire year has exceeded as 103% of target are
achieved, while according to preliminary consolidated figures, during the
eleven months of 2012 nearly 98% of the target are met.
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
e-mail: