Shop Apotheke Europe NV : Q3 weak as expected. The worst is over and back to growth in Q4
>Q3 2021 revenue flat y-o-y, broadly as expected. OTC was up but offset by weaker German Rx business - On Tuesday morning, Shop Apotheke reported preliminary sales numbers for Q3 2021. Sales were down 0.3% y-o-y to € 238m. There was only a thin FactSet consensus at € 252m and we were looking for € 246m. Although the reported figure was slightly below these numbers, we think Q3 sales are broadly in line with market expectations. According to the company, sales had bee...Shop Apotheke Europe NV is a company based in the Netherlands that retails pharmaceutical products online. The Company focuses on non-prescription medication (OTC), as well as on pharmacy-related beauty and personal care (BPC) products. The Company is active in Belgium, Spain, Italy, France, Austria, the Netherlands and Germany.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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