Report
Sinan Doganli

Redcare Pharmacy : Lower adjusted EBITDA margin as Redcare invests in marketing for Rx-business

>Double-digit top-line growth in Q3 - Q3 results on the top line are in line with the trading update that was released at the beginning of October. Total revenue increased by +20.9% y-o-y to € 575.0m. Revenue in the DACH region increased by +20.3% y-o-y to € 469.0m and in international markets by +22.4% y-o-y to € 105.0m. Adjusted EBITDA came in at € 11.4m, a decline of -25.0% y-o-y and -12.3% below consensus expectations. However, despite adjusted EBITDA coming in be...
Underlying
Shop Apotheke Europe NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sinan Doganli

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