OlainFarm's Sales to Russia In November Grow By 61%

OREANDA-NEWS. November 2013, consolidated sales

In eleven months of 2013 according to preliminary consolidated results, the total sales of AS "Olainfarm" was 50.8 million lats (72.28 million euro), which represents an increase by 8% compared to the same period of 2012. The most rapid sales increases were achieved in The Netherlands, where sales grew by 1953%, Spain, where sales grew by 202% and Belarus, where sales grew by 66%. Major sales markets of AS "Olainfarm" in eleven months of 2013 were Russia, Latvia, Ukraine and Belarus.

11 months of 2013, consolidated sales

Sales of chain of pharmacies SIA "Latvijas aptieka" in November 2013 were 0.82 million lats (1.17 million euro). 52 pharmacies were operating in November 2013. In eleven months of 2013 sales of SIA "Latvijas aptieka" were 8.62 million lats (12.27 million euro). Sales of SIA "Silvanols" in November 2013 was 0.24 million lats (0.34 million euro).

According to unconsolidated preliminary sales results, sales of AS "Olainfarm" in November were 5.65 million lats (8.04 million euro), which represents an increase by 2% compared to the same period one year ago. The most rapid sales increases were achieved in the Netherlands, where sales grew by 885%, Belarus, where sales grew by 93%, Russia, where the sales grew by 61%, Moldova, where sales grew by 54% and Latvia, where sales grew by 43%. Products of AS "Olainfarm" worth more than 0.061 million lats (0.087 million euro) have been sold to both Tajikistan and Uzbekistan during November. According to unconsolidated results, the major sales markets of AS "Olainfarm" in November 2013 were Russia, Ukraine, Latvia and Belarus. In total in November 2013, the sales have been made to 20 countries in three continents.

During eleven months according to preliminary unconsolidated sales results, sales of AS "Olainfarm" were 43.61 million lats (62 million euro), which represents an increase by 5% compared to the same period one year ago. During eleven months of this year the most rapid sales increases were achieved in The Netherlands and Spain, where the sales have grown by 1953% and 202% respectively. Comparatively rapid sales increase has also been witnessed during this period in Latvia, where sales grew by 71%, Belarus, where sales have grown by 66%, as well as Georgia and Uzbekistan, where sales grew by 39%. According to preliminary unconsolidated sales results, the major sales markets of AS "Olainfarm" in eleven months of 2013 were Russia, Ukraine, Latvia, Belarus, Kazakhstan and the UK. In total during 11 months of 2013 AS "Olainfarm" has been selling its products to 36 countries in 5 continents.

Operating plan of AS "Olainfarm" provides that unconsolidated sales of the company in 2012 will reach 45.4 million lats (64.6 million euro), while consolidated sales will reach 52.8 million lats (75.1 million euro). According to these preliminary sales figures in eleven months of 2013 96% of both targets have been attained.