Swiss online drug delivery firm DocMorris reports slight miss in Q1 sales (updated)

DocMorris AG

16/04/2024 06:21

(Adds context in paragraph 3, sales in Germany in paragraph 4,
peer comparison in paragraph 5)
       April 16 (Reuters) - Swiss online drug delivery company
DocMorris  DOCM.S  slightly missed first-quarter sales
expectations on Tuesday, as revenue from prescription medicines
declined and e-prescriptions could not yet be redeemed fully
digitally at online pharmacies.
    DocMorris posted external revenue of 262.4 million Swiss
francs ($287.47 million), 1.4% below analysts' expectations
according to a company-provided poll, but up 5.5% from a year
earlier. 
    Online pharmacies such as DocMorris and Redcare Pharmacy
 RDC.DE  have focused on e-prescriptions in Germany in order to
improve profitability.
    DocMorris reported an external revenue of 247 million Swiss
francs in Germany, representing 94% of the company's total
external sales. 
    Netherlands-based peer Redcare saw its first-quarter sales
grow by 51% year-on-year to reach 560 million euros ($594.38
million).
($1 = 0.9128 Swiss francs)
($1 = 0.9422 euros)

 (Reporting by Tristan Veyet and Chiara Holzhaeuser in Gdansk;
Editing by Jamie Freed)
 ((Tristan.Chabba@thomsonreuters.com;
chiara.holzhaeuser@thomsonreuters.com))