Redcare Pharmacy : Raising estimates after strong Q3, e-script uncertainty remains
>Material improvement of operating profitability in Q3 2023 - After reporting good top-line numbers for Q3 early October (organic sales growth excluding MediService was 26% while reported sales grew 67% y-o-y in Q3), Redcare Pharmacy formerly known as Shop Apotheke last week released final Q3 results. Adjusted EBITDA came in at € 15m implying a 3.2% margin (up 280bp). This was better than expected largely as operating costs were lower than anticipated (less marketing ...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.
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