Sales of Olainfarm Continue Growing in February

World News: . []

Sales of pharmacy chain of SIA Latvijas Aptieka in February 2019 exceeded 2.1 million euros, which represents and increase by 27% compared to February of 2018.  Sales of SIA Silvanols in February reached 0.58 million euros, which is comparable to sales made one year ago.  Combined sales of Tonus Elast and Elast Medical in February 2019 were 0.7 million euros, an increase by 8%, medical centers of Olainmed and Diamed made sales worth 0.24 million, while Belarus daughter company NPK Biotest made sales of 0.28 million euros.

In 2 months of 2019, SIA Latvijas Aptieka’s sales were 4.5 million euros, demonstrating 21% increase, sales of SIA Silvanols reached 1.1 million euros (an increase by 6%).  Combined sales of Tonus Elast and Elast Medical also grew by 6% to 1.23 million euros.  Medical centers sold services worth 0.47 million, while NPK Biotest’s sales reached 0.55 million

According to the budgets of JSC Olainfarm, unconsolidated sales of the company in 2019 are planned to reach 99 million euros, while consolidated sales are expected at 133 million euros.  According to these preliminary sales figures, in 2 months of 2019, 19% of annual target for unconsolidated sales and 18% of the annual target for consolidated sales are reached.

Information prepared by:         Inga KrūkleMember of the Board JSC OlainfarmPh.: +371 28698449

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Globe Newswire: 14:33 GMT Friday 15th March 2019

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