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Sales Of Olainfarm In August Increase By 19%

9/15/2017 8:12:11 AM

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- Preliminary consolidated results of Olainfarm for August 2017 show that sales of the group reached 8.04 million euros, which represents an increase by 19% compared to August of 2016. The biggest sales increase was achieved in Tajikistan, where sales grew by 349%. Sales to Germany grew by 110%; sales to Russia grew by 93%, sales to Belarus increased by 63%. Biggest sales reduction happened in Ukraine where sales shrunk by 49%. During August 2017, the Group also made significant shipments to Turkmenistan and The Netherlands. Major sales markets of the group during this period were Russia, Latvia and Belarus.

Olaine, 2017-09-15 15:00 CEST (GLOBE NEWSWIRE) --  

August 2017, consolidated sales Sales, thsnd. EUR Changes to August 2016 Share in total sales
Russia 2 633 93% 33%
Latvia 2 342 7% 29%
Belarus 807 63% 10%
Ukraine 493 -49% 6%
Kazakhstan 245 17% 3%
Uzbekistan 216 -28% 3%
Turkmenistan 194 NA 2%
Germany 159 110% 2%
The Netherlands 120 NA 1%
Tajikistan 101 349% 1%
Other 727 -37% 9%
Total 8 037 19% 100%


Sales of pharmacies of SIA Latvijas Aptieka during August 2017 were 1.83 million euros, which represents an increase by 24% compared to August 2016.  Sixty-eight pharmacies were operating during this period.  Sales of SIA Silvanols during August were 0.38 million euros, which represents an increase by 6% compared to 2016.  In August 2017, SIA Silvanols sold its products in seven European countries and, with the assistance from AS Olainfarm to Kazakhstan, Belarus and Russia.  Sales of SIA Tonus Elast during August 2017 reached .73 million euros, which represents a reduction by 4% compared to August 2016.  Products of Tonus Elast were sold to 19 countries in three continents.


According to preliminary numbers, consolidated sales of Olainfarm group in eight months of 2017 reached 76.39 million euros, which represents an increase by 9% compared to eight months of 2016.  The biggest sales increase was achieved in The Netherlands, where sales grew by 236%.  Sales to Germany increased by 206%, sakes to Kazakhstan increased by 44% but sales to Italy increased by 43%. Biggest reduction of sales took place in Ukraine, where sales shrunk by 44%.  Major sales markets of Olainfarm group in eight months were Russia, Latvia, Belarus and Ukraine.

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