Preliminary consolidated results of Olainfarm for December 2018 show that sales
have reached 10.08 million euros, which represents a reduction by 2% compared
to December 2016. The biggest sales increase was achieved in Ukraine, where
sales grew by 700%, and in Belarus, where sales increased by 329%. The biggest
sales reduction was experienced in Kyrgyzstan, where sales shrunk by 36%, while
sales to Kazakhstan shrunk by 32%. During December 2017, significant shipments
were also made to Uzbekistan. Major sales markets of Olainfarm group during
December 2017 were Russia, Latvia and Ukraine.
Olaine, 2018-01-16 07:46 CET (GLOBE NEWSWIRE) --
December 2017, Sales, thsnd. Changes to December Share in total
consolidated sales EUR 2016 sales
--------------------------------------------------------------------------------
Russia 4 471 -12% 44%
--------------------------------------------------------------------------------
Latvia 2 682 -2% 27%
--------------------------------------------------------------------------------
Ukraine 840 700% 8%
--------------------------------------------------------------------------------
Belarus 307 329% 3%
--------------------------------------------------------------------------------
Tajikistan 218 -15% 2%
--------------------------------------------------------------------------------
Kazakhstan 193 -32% 2%
--------------------------------------------------------------------------------
Uzbekistan 176 NA 2%
--------------------------------------------------------------------------------
Lithuania 126 19% 1%
--------------------------------------------------------------------------------
Georgia 124 -7% 1%
--------------------------------------------------------------------------------
Kyrgyzstan 113 -36% 1%
--------------------------------------------------------------------------------
Other 826 -39% 8%
--------------------------------------------------------------------------------
Total 10 076 -2% 100%
--------------------------------------------------------------------------------
Sales of pharmacy chain of SIA Latvijas Aptieka during December 2017 were 2
million euros, which represents an increase by 21% compared to sales this
company made in December 2016. Sixty-nine pharmacies were operating during
this period. Sales of SIA Silvanols during December 2017 were 0.4 million
euros, which represents a reduction by 18% compared to December 2016. During
December, SIA Silvanols sold its products to nine European countries and with
the help of As Olainfarm also to Belarus, Russia, Azerbaijan and Kosovo. Sales
of SIA Tonus Elast during December were 0.8 million euros, which represents a
reduction by 26% compared to December 2016. The sales were made to 21 countries
in three continents.
According to preliminary numbers, consolidated sales of AS Olainfarm in 2017
reached 114.04 million euros, which represents an increase by 4% compared to
2016. The biggest sales increases have been achieve in Germany, where sales
grew by 103% and The Netherlands, where sales grew by 57%. Biggest sales
reductions were experienced in Ukraine, Where sales shrunk by 21% and
Uzbekistan, where sales shrunk by 15%. Major sales markets of Olainfarm group
in 2017 were Russia, Latvia, Ukraine and Belarus. Companies of the group made
sales to 61 countries in five continents.
Consolidated sales, Sales, Thsnd. EUR Changes to 2016 Share in total
2017 sales
--------------------------------------------------------------------------------
Russia 39 850 6% 35%
--------------------------------------------------------------------------------
Latvia 28 492 7% 25%
--------------------------------------------------------------------------------
Ukraine 10 936 -21% 10%
--------------------------------------------------------------------------------
Belarus 8 939 21% 8%
--------------------------------------------------------------------------------
The Netherlands 3 856 57% 3%
--------------------------------------------------------------------------------
Kazakhstan 3 116 -2% 3%
--------------------------------------------------------------------------------
Uzbekistan 1 869 -15% 2%
--------------------------------------------------------------------------------
Germany 1 718 103% 2%
--------------------------------------------------------------------------------
Lithuania 1 508 13% 1%
--------------------------------------------------------------------------------
Poland 1 376 -5% 1%
--------------------------------------------------------------------------------
Other 12 382 -5% 11%
--------------------------------------------------------------------------------
Total 114 042 4% 100%
--------------------------------------------------------------------------------
Sales of SIA Latvijas Aptieka in 2017 reached 21.6 million euros, which
represents an increase by 16% compared to 2016. Sales of SIA Silvanols in 2017
were 5.2 million euros, which represents a reduction by 3% compared to 2016,
where sales of SIA Silvanols were 5.4 million euros. Products of SIA Silvanols
were sold to twelve European countries and with the help of AS Olainfarm also
to Kazakhstan, Lithuania, Belarus, Russia, Armenia, Mongolia, Kosovo and
Azerbaijan. Sales of SIA Tonus Elast in 2017 were 8.5 million euros, and its
products were sold to 38 countries in four continents.
According to preliminary unconsolidated data, sales of AS Olainfarm in December
2017 were 8.08 million euros, which represents an increase by 4% compared to
December 2016. The biggest sales increase was achieved in Ukraine, where sales
grew by 625%. Sales to Belarus increased by 382%, while sales to Lithuania
increased by 50%. The biggest sales reduction was experienced in Kazakhstan
where sales shrunk by 54%. During December 2017, AS Olainfarm also made
significant shipments to Uzbekistan and Bulgaria. The biggest sales markets of
AS Olainfarm in December 2017 were Russia, Latvia and Ukraine. In total during
this period, products of AS Olainfarm were sold to 28 countries.
December 2017, Sales, Thsnd. Changes to Share in total
unconsolidated sales EUR December 2016 sales
--------------------------------------------------------------------------------
Russia 4 181 -11% 52%
--------------------------------------------------------------------------------
Latvia 1 410 20% 17%
--------------------------------------------------------------------------------
Ukraine 761 625% 9%
--------------------------------------------------------------------------------
Belarus 245 382% 3%
--------------------------------------------------------------------------------
Tajikistan 212 -13% 3%
--------------------------------------------------------------------------------
Uzbekistan 176 NA 2%
--------------------------------------------------------------------------------
Lithuania 120 50% 1%
--------------------------------------------------------------------------------
Kazakhstan 112 -54% 1%
--------------------------------------------------------------------------------
Bulgaria 104 NA 1%
--------------------------------------------------------------------------------
Kyrgyzstan 99 -26% 1%
--------------------------------------------------------------------------------
Other 655 -36% 8%
--------------------------------------------------------------------------------
Total 8 075 4% 100%
--------------------------------------------------------------------------------
According to preliminary unconsolidated results, sales of AS Olainfarm in 0217
reached 91.97 million euros, which is comparable to the sales company made in
2016. The biggest sales increase in 2017 was achieved in Germany, where sales
grew by 100%, while sales to The Netherlands increased by 57%. The biggest
sales reduction was experienced in Ukraine, where sales shrunk by 28%. The
major sales markets of AS Olainfarm during this period were Russia, Latvia,
Ukraine and Belarus. In total during 2017 products of AS Olainfarm were sold to
51 countries in five continents..
2017, unconsolidated Sales, thsnd. EUR Changes to 2016 Share in total
sales sales
--------------------------------------------------------------------------------
Russia 36 471 1% 40%
--------------------------------------------------------------------------------
Latvia 14 815 10% 16%
--------------------------------------------------------------------------------
Ukraine 10 655 -28% 12%
--------------------------------------------------------------------------------
Belarus 8 764 20% 10%
--------------------------------------------------------------------------------
The Netherlands 3 856 57% 4%
--------------------------------------------------------------------------------
Kazakhstan 2 094 -19% 2%
--------------------------------------------------------------------------------
Uzbekistan 1 869 -15% 2%
--------------------------------------------------------------------------------
Germany 1 670 100% 2%
--------------------------------------------------------------------------------
Lithuania 1 281 16% 1%
--------------------------------------------------------------------------------
Turkmenistan 1 246 17% 1%
--------------------------------------------------------------------------------
Other 9 247 -8% 10%
--------------------------------------------------------------------------------
Total 91 968 0% 100%
--------------------------------------------------------------------------------
General meeting of shareholders of AS Olainfarm held on June 1, 2017 approved
operating plan of the company, providing that unconsolidated sales of the
company in 2017 will reach 96 million euros, while consolidated sales of the
company will reach 127 million euros. According to these preliminary sales
numbers, in 2017 the company has met 96% of annual target for unconsolidated
sales and 90% of annual target for consolidated sales.
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: +371 6 7013 717
Fax: +371 6 7013 777
E-mail: Salvis.Lapins@olainfarm.lvOlainfarm: Sales of Olainfarm Last Year Increased by at Least 4%
© 2018 GlobeNewswire
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