Redcare Pharmacy : Q1 profits below, FY 2024 targets confirmed
>Adjusted EBITDA below consensus - Early April, Redcare already pre-released Q1 2024 sales of € 560m (+51% y-o-y and +19% excluding M&A) which was a notch below expectations. Today, Redcare published Q1 profits below expectations. In Q1, adjusted EBITDA increased 33% y-o-y to € 11.7m (consensus: € 17m, ODDO BHFe: € 16.5m). This was € 5m or 30% below consensus. Compared to FY 2024 adjusted EBITDA this is an 8% miss. No details at this point but we think this may have t...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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