Pandemic brought shop pharmacy online boom and strong year 2020

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After an exceptionally strong year 2020, the Dutch online drug retailer Shop Apotheke wants to continue growing this year and improve its profitability again, albeit at a slightly slower pace.

Last year, the MDax company benefited from a boom in online orders as a result of the corona pandemic and achieved significant improvements in sales and earnings, as the shop pharmacy announced on Wednesday in Venlo.

The bottom line is that there are losses

As already known, sales increased by around 38 percent to 968 million euros compared to the previous year. The adjusted earnings before taxes, interest, depreciation and amortization (Ebitda) improved to 21.6 million euros, after a loss of 13.6 million euros in the previous year.

The adjusted Ebitda margin rose from minus 1.9 percent to plus 2.2 percent. The bottom line, however, is that Shop Apotheke is currently writing losses.

Electronic prescription is coming

In the new year, the board of directors around company boss Stefan Feltens is also relying on the introduction of the electronic prescription, which Start Shop Apotheke expects in the summer. Sales are expected to climb by 20 percent or more in 2021 and the adjusted Ebitda margin will come out at 2.3 to 2.8 percent.





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https://kurier.at/wirtschaft/pandemie-brachte-shop-apotheke-online-boom-und-starkes-jahr-2020/401205889

Pandemic brought shop pharmacy online boom strong year

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