Netherlands' Redcare Pharmacy slightly beats Q3 revenue estimates on strong prescription sales in Germany
Overview
Netherlands online pharmacy's Q3 revenue grew 18% yr/yr, slightly beating analyst expectations
Adjusted EBITDA margin rose 1.0pp to 3.4%, with adjusted EBITDA up 68% yr/yr
Growth driven by strong prescription sales in Germany and expanding customer base
Outlook
Redcare Pharmacy sees 2026 revenue growth of 16% to 18%
Company expects 2026 non-Rx revenue growth of 10% to 12%
Redcare Pharmacy forecasts 2026 Rx revenue in Germany at EUR 730 mln to EUR 760 mln
Result Drivers
GERMAN RX SALES - Company said strong prescription sales in Germany drove revenue growth
CUSTOMER BASE EXPANSION - Co attributed growth to increase in active customer base
LOWER MARKETING SPEND - Co said improved profitability was partly due to reduced marketing expenses and lower cost per order
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Slight Beat* | EUR 847 mln | EUR 843.97 mln (3 Analysts) |
Q3 Net Income | EUR 1 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the drug retailers peer group is "buy"
Wall Street's median 12-month price target for Redcare Pharmacy NV is €96.00, about 21.1% above its October 28 closing price of €79.25
The stock recently traded at 90 times the next 12-month earnings vs. a P/E of 274 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)