AS Olainfarm: Shareholders Board Members Managers and Company Profile | LV0000100501

Business description: AS Olainfarm

Olainfarm AS is a Latvia-based company engaged in the pharmaceutical sector. The Company is active in the production of basic pharmaceutical products and pharmaceutical preparations. The Company's activities include numerous finished forms of medicaments with effects, which include cardiological, neurologic, diuretic, spasmologic and antiallergic drug preparations, medicaments treating the digestive system, antibiotics and food supplements, as well as various active chemical ingredients and raw chemical materials. Its products include Amlodipine, Clonazepam, Euphillin, Furosemide, Furagin, Midolat, Protionol and Gripoflex, among others. The Company operates through its subsidiaries which includes Reinolds SIA, Ozols JDR SIA, Olainfarm energija SIA, Ilmas Aptiekas SIA and Veritas-Farm, among others. In addition, the Company has 33 pharmacies, located in Riga, Vidzeme, Kurzeme and Latgale. In May 2013, it acquired a 47.5% shares in pharmaceutical manufacturer SIA Silvanols.

Number of employees: 2,191

Sales by Activity: AS Olainfarm

Fiscal Period: December	2019 (EUR)	2020 (EUR)
Manufacturing of Medicines	86.84M	75.65M
Retail Sale	25.67M	26.82M
Wholesale	17.55M	17.27M
Other Segments	12.67M	10.46M
Compression Products	12.45M	8.41M
Unallocated and Eliminated	-17.97M	-16.45M

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Geographical breakdown of sales: AS Olainfarm

Fiscal Period: December	2019 (EUR)	2020 (EUR)
Latvia	38.8M	39.18M
Russia	44.08M	28.02M
Belarus	15.16M	15.26M
Central Asia	11.15M	11.56M
Ukraine	10.71M	11.46M
EU Countries	10.62M	9.5M
Other Countries	4.6M	4.75M
Caucasus Countries	2.1M	2.44M

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Executive Committee: AS Olainfarm

Manager	Title	Age	Since
Juris Hmelnickis CEO	Chief Executive Officer	46	2025-12-31
Janis Leimanis DFI	Director of Finance/CFO	56	-
Mikhail Skomorokhov CTO	Chief Tech/Sci/R&D Officer	-	2009-12-31
Vladimirs Krusinskis CTO	Chief Tech/Sci/R&D Officer	47	2017-06-11
Mihails Raizbergs CTO	Chief Tech/Sci/R&D Officer	-	2005-12-31

See AS OLAINFARM governance

Composition of the Board of Directors: AS Olainfarm

Director	Title	Age	Since
Andrejs Leibovics BRD	Director/Board Member	63	2021-06-18
Janis Buks CHM	Chairman	-	2022-08-31
Roberts Tavjevs BRD	Director/Board Member	-	-
Vadims Telica BRD	Director/Board Member	63	-
Sergejs Kornijenko BRD	Director/Board Member	-	-

Composition of the Board of Directors

Company details: AS Olainfarm

Olainfarm AS

Rupnicu iela 5

LV-2114, Olaine

+371 67 013 708

http://www.olpha.eu/

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