Olainfarm: Sales of Olainfarm in January Exceed 9 Million Euros

Preliminary consolidated sales results of AS Olainfarm for January of 2018 show
that sales have reached 9.19 million euros, which is comparable to the sales
volume demonstrated in January of 2017.  The biggest sales increase was
achieved in Uzbekistan, where sales grew by 237%.  Sales to Ukraine grew by
222%, but sales to Kazakhstan increased by 131%.  The biggest sales reductions
were experienced in The Netherlands, where sales shrunk by 89% and Poland,
where sales shrunk by 40%.  Major sales markets of Olainfarm group in January
of 2018 were Latvia, Russia, Belarus and Ukraine.  Products of the group were
sold to 31 countries. 

Olaine, 2018-02-15 17:03 CET (GLOBE NEWSWIRE) --
January 2018,              Sales, Thsnd.   Changes to January  Share in total   
 consolidated sales         EUR             2017                sales           
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Latvia                     2 922                          18%                32%
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Russia                     1 716                         -27%                19%
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Belarus                    1 696                           5%                18%
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Ukraine                    1 107                         222%                12%
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Kazakhstan                            249                131%                 3%
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Germany                               210                  4%                 2%
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Poland                                172                -40%                 2%
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Uzbekistan                            171                237%                 2%
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Lithuania                             145                -13%                 2%
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The Netherlands                        97                -89%                 1%
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Other                                 705                  2%                 8%
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Total                      9 190                           0%               100%
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Sales numbers of daughter companies of AS Olainfarm that provide significant
impact on consolidated results show that sales of Latvijas Aptieka in January
reached 2.03 million euros, which represents an increase by 18% compared to
January of 2017. Sixty-nine pharmacies were operating during January.  Sales of
SIA Silvanols during this period were 0.42 million euros, which represents a
reduction by 16%.  Combined sales of Tonus Elast and its Russian based
distributor Elast Medical reached 0.52 million euros.  Combined sales of
medical companies Diamed and Olainmed reached 0.2 million euros, while sales of
Belarus based company NPK Biotest also reached 0.2 million euros. 

                                                 January, 2018             
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Sales markets of Olainfarm                                               27
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Sales markets of the Group                                               31
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Number of pharmacies of Latvijas Aptieka                                 69
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Sales of Latvijas Aptieka                          €              2 026 519
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Combined sales of Olainmed and Diamed            €                  197 000
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Sales of NPK Biotest                             €                  196 028
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Combined sales of Tonus Elast and Elast Medical  €                  515 252
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Sales of Silvanols                               €                  418 216
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According to unconsolidated preliminary results, sales of As Olainfarm in
January 2018 reached 7.1 million euros, which represents a reduction by 9%
compared to the same period of 2017.  Biggest sales increase was achieved in
Uzbekistan, where sales grew by 237%.  Sales to Ukraine grew by 222%, but sales
to Kazakhstan grew by 175%.  The biggest sales reduction was experienced in The
Netherlands, where sales shrunk by 89%.  Major sales markets during January
were Belarus, Latvia, Russia and Ukraine.  In total products of Olainfarm were
sold to 27 countries. 

January 2018,               Sales, Thsnd,   Changes to January  Share in total  
 unconsolidated sales        EUR             2017                sales          
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Belarus                     1 500                          -7%               21%
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Latvia                      1 498                          16%               21%
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Russia                      1 486                         -36%               21%
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Ukraine                     1 107                         222%               16%
--------------------------------------------------------------------------------
Kazakhstan                             234                175%                3%
--------------------------------------------------------------------------------
Germany                                207                  5%                3%
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Uzbekistan                             171                237%                2%
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Lithuania                              137                 -4%                2%
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Poland                                 133                -50%                2%
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The Netherlands                         97                -89%                1%
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Other                                  529                 -6%                7%
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Total                       7 099                          -9%              100%
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Preliminary sales targets of AS Olainfarm for 2018 are being finalized,
therefore the percentages of achieved sales targets will be provided beginning
with the next monthly sales reports, once budgets for 2018 are approved. 

                                        

 JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with 45
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. 

         Information prepared by:
         Salvis Lapins
         JSC Olainfarm
         Member of the Management Board
         Rupnicu iela 5, Olaine, Latvia, LV 2114
         Phone: [phone]
         Fax: [phone]
         E-mail: [e-mail]