OREANDA-NEWS. February 17, 2015. 

„Olainfarm” Makes Shipments to Brazil, „Silvanols” Increases Sales to Georgia

According to preliminary consolidated sales results for January 2015, sales of AS “Olainfarm” have reached 7.75 million euro, which represents a reduction by 20% compared to January of 2014. The biggest sales increase has been achieved to the UK, where sales have grown by 50%, shipment of almost 55 000 euro has also been made to Brazil. The major sales markets of AS “Olainfarm” in January 2015 were Russia, Latvia, Ukraine, The UK and The Netherlands.

Olaine, 2015-02-16 16:17 CET (GLOBE NEWSWIRE) --  

January 2015, consolidated sales Share in total sales Changes to January, 2014
Russia 32% -31%
Latvia 27% 8%
Ukraine 15% -3%
UK 11% 50%
The Netherlands 6% 6%
Uzbekistan 2% 22%
Belarus 2% -86%
Lithuania 1% 6%
Brazil 1% NA
Georgia 1% -30%
Other 3% -71%
Total 100% -20%

 

Sales of SIA “Latvijas aptieka” during January were 1.43 million euro and 57 pharmacies were operating during this period Sales of SIA “Silvanols” during January were 0.39 million euro, which is an increase by 36% compared to January of 2014. During this month SIA „Silvanols” has made sales to five European countries, sales to Georgia have demonstrated particularly strong growth.

According to unconsolidated sales results of AS “Olainfarm” for January 2015, the sales of the company were 6.7 million euro, which represents a reduction by 20% compared to the same period one year ago.  The biggest sales increases were achieved in Kazakhstan, where sales grew by 141%, the UK, where sales grew by 50% and Latvia, where sales grew by 46%.  Major sales markets of AS “Olainfarm” during January 2015 were Russia, Latvia, Ukraine, the UK and the Netherlands.  In total products of AS „Olainfarm” during this period were sold to 20 countries on four continents.

January 2015, unconsolidated sales Share in total sales Changes to January 2014
Russia 37% -31%
Latvia 18% 46%
Ukraine 17% -3%
UK 13% 50%
The Netherlands 7% 6%
Uzbekistan 3% 22%
Belarus 2% -86%
Brazil 1% NA
Kazakhstan 1% 141%
Lithuania 1% -22%
Other 2% -79%
Total 100% -20%

 

According to preliminary estimated made by the Board of the company, the unconsolidated sales of the company in 2015 are expected to be at 84 million euro, while consolidated sales are expected to be at 100 million euro.  According to these preliminary sales figures, during January 2015 8% of annual consolidated sales target and 8% of annual unconsolidated sales targets were met.

 

 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