Redcare Pharmacy jumps as e-prescriptions drive Q2 sales growth
04/07/2024 08:33
** Shares in Redcare Pharmacy RDC.DE jump around 11% after
it reported Q2 sales growth of 33% y/y driven by its new
e-prescription solution in Germany
** E-prescription sales grew 35% in Germany in Q2 after the
online pharma retailer in May launched CardLink, a solution
where users can redeem e-prescriptions via their smartphones
** "It is still early days for electronic prescriptions in
Germany, but we believe Redcare's Q2 sales growth should
reassure markets about the growth opportunity," a Berenberg
analyst says
** Redcare shares top the German mid-cap index .MDAXI and
track their best day since October 2023 if gains hold
(Reporting by Isabel Demetz)
((Isabel.demetz@thomsonreuters.com))