Sales of “Olainfarm” in July increase by 51%
16 Aug, 2012 08:31 CET
Olainfarm
Company Announcement
Sales of “Olainfarm” in July increase by 51%
Preliminary consolidated results of AS “Olainfarm” for July show that the sales
of the company have increased by 51% compared to the same period a year ago and
have reached 4.06 million lats (5.78 million euro). The biggest sales
increases were achieved in India, where sales grew 158 times, in Latvia by
430%, in Turkey by 73% and in Russia by 45%. Major sales markets of AS
“Olainfarm” in July of 2012 were Russia, Ukraine, Latvia and Uzbekistan.
Olaine, August 15, 2012, 2012-08-16 08:31 CEST (GLOBE NEWSWIRE) --
July 2012: Consolidated results Share in total sales Changes to July 2011
---------------------------------------------------------------------------
Russia 42% 45%
---------------------------------------------------------------------------
Ukraine 29% 18%
---------------------------------------------------------------------------
Latvia 18% 430%
---------------------------------------------------------------------------
Uzbekistan 4% NA
---------------------------------------------------------------------------
India 1% 15784%
---------------------------------------------------------------------------
Tajikistan 1% NA
---------------------------------------------------------------------------
Kazakhstan 1% 20%
---------------------------------------------------------------------------
Poland 1% NA
---------------------------------------------------------------------------
Belarus 1% -86%
---------------------------------------------------------------------------
Turkey 1% 73%
---------------------------------------------------------------------------
Others 1% -69%
---------------------------------------------------------------------------
Total 100% 51%
---------------------------------------------------------------------------
According to preliminary results, consolidated sales of AS “Olainfarm” during
seven months of 2012 were 26.68 million lats (37.96 million euro), which
represents an increase by 29% compared to the same period of 2011. The most
rapid sales increase during this seven months period was achieved in Taiwan,
where sales have grown nearly 7 times, sales to Latvia have grown fourfold,
sales to the UK have grown by 75%, but sales to Georgia have grown by 40%.
Major sales markets of AS “Olainfarm” in seven months of 2012 were Russia,
Ukraine, Latvia, Belarus, UK and Kazakhstan.
7 months of 2012: consolidated Share in total Changes to 7 months of
results sales 2011
--------------------------------------------------------------------------------
Russia 36% 17%
--------------------------------------------------------------------------------
Ukraine 20% 6%
--------------------------------------------------------------------------------
Latvia 19% 326%
--------------------------------------------------------------------------------
Belarus 6% -10%
--------------------------------------------------------------------------------
UK 5% 75%
--------------------------------------------------------------------------------
Kazakhstan 4% 4%
--------------------------------------------------------------------------------
Uzbekistan 2% 10%
--------------------------------------------------------------------------------
Taiwan 1% 596%
--------------------------------------------------------------------------------
Lithuania 1% -17%
--------------------------------------------------------------------------------
Georgia 1% 40%
--------------------------------------------------------------------------------
Others 6% -20%
--------------------------------------------------------------------------------
Total 100% 29%
--------------------------------------------------------------------------------
Sales of pharmacies owned by AS “Olainfarm” in July 2012 were 0.57 million lats
(0.81 million euro). In seven months of 2012 sales of pharmacies owned by AS
“Olainfarm” were 3.63 million lats (5.17 million euro).
According to preliminary unconsolidated results the sales of AS “Olainfarm”
during July 2012 was 3.56 million lats (5.06 million euro), which represents an
increase by 32% compared to the same period a year ago. The most rapid sales
increased were achieved in India, where sales grew 158 times, sales to Latvia
and Turkey grew by 73%, sales to Russia grew by 45%. Biggest markets of AS
“Olainfarm” in unconsolidated sales during July 2012 were Russia, Ukraine,
Latvia and Uzbekistan.
July 2012: unconsolidated results Share in total sales Changes to July 2011
-----------------------------------------------------------------------------
Russia 48% 45%
-----------------------------------------------------------------------------
Ukraine 33% 18%
-----------------------------------------------------------------------------
Latvia 7% 73%
-----------------------------------------------------------------------------
Uzbekistan 5% NA
-----------------------------------------------------------------------------
India 1% 15784%
-----------------------------------------------------------------------------
Tajikistan 1% NA
-----------------------------------------------------------------------------
Kazakhstan 1% 20%
-----------------------------------------------------------------------------
Poland 1% NA
-----------------------------------------------------------------------------
Belarus 1% -86%
-----------------------------------------------------------------------------
Turkey 1% 73%
-----------------------------------------------------------------------------
Other 1% -69%
-----------------------------------------------------------------------------
Total 100% 32%
-----------------------------------------------------------------------------
According to preliminary results during 7 months of 2012 unconsolidated sales
of AS “Olainfarm” were 23.05 million lats (32.79 million euro). This
represents an increase by 12% compared to the same period of 2011. The most
rapid sales increase during this seven months period was achieved in Taiwan,
where sales have grown nearly 7 times, , sales to the UK have grown by 75%,
sales to Georgia have grown by 40%, while sales to Latvia increased by 26%.
Major sales markets of AS “Olainfarm” in seven months of 2012 were Russia,
Ukraine, Latvia, Belarus, UK and Kazakhstan.
7 months of 2012: unconsolidated Share in total Changes to 7 months of
results sales 2011
--------------------------------------------------------------------------------
Russia 41% 17%
--------------------------------------------------------------------------------
Ukraine 23% 6%
--------------------------------------------------------------------------------
Belarus 7% -10%
--------------------------------------------------------------------------------
Latvia 7% 26%
--------------------------------------------------------------------------------
UK 6% 75%
--------------------------------------------------------------------------------
Kazakhstan 4% 4%
--------------------------------------------------------------------------------
Uzbekistan 2% 10%
--------------------------------------------------------------------------------
Taiwan 1% 596%
--------------------------------------------------------------------------------
Lithuania 1% -17%
--------------------------------------------------------------------------------
Georgia 1% 40%
--------------------------------------------------------------------------------
Other 7% -20%
--------------------------------------------------------------------------------
Total 100% 12%
--------------------------------------------------------------------------------
Sales forecasts of AS „Olainfarm” for 2012 provide that unconsolidated sales
will reach 40 million lats (56.91 million euro), while consolidated sales will
be as high as 47 million lats (66.9 million euro). According to these
preliminary results, during 7 months of 2012, the company has achieved nearly
58% of planned unconsolidated sales and nearly 57% of planned consolidated
sales.
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: