Redcare gains on Q3 beat

Redcare Pharmacy NV

31/10/2023 08:08

** Shares in Redcare Pharmacy  RDC.DE  rise around 3.7%,
pares gains after rising as much as 6.1%, after the online
pharmacy retailer beats earning expectations in Q3, supported by
a 67% growth in sales
    ** The co achieved an EBITDA including MediService AG of
15.2 million euros ($16.12 million), nearly double the
company-compiled consensus of 7.9 million euros
    ** Redcare adj. EBITDA margin at 3.2% beat a consensus of
1.8%, with a local trader saying this figure is "surely
positive"
    ** While Redcare stood by its August 1 provided guidance,
the trader notes that the market "hoped for an increase of lower
end of margin outlook"  
    ** The company tops German mid caps index  .MDAXI 
    
($1 = 0.9429 euros)

 (Reporting by Paolo Laudani)
 ((Paolo.Laudani@thomsonreuters.com))