Redcare Pharmacy shares jump on strong Q2 sales beat
06/07/2023 10:03
** Shares in Redcare Pharmacy RDC.DE jump 4.7% after the
online pharmacy retailer reported a better than expected 47%
jump in preliminary Q2 sales
** Its Q2 sales rise to 421 million euros ($456.70 million),
exceeding Baader Helvea's expectations by 22.3% and consensus by
27.3%, according to the broker
** "This means a further acceleration in year-over-year
growth," Baader says
** The company says the strong sales were boosted by
accelerating non-Rx sales growth and higher consolidation effect
from MediService acquisition completed in mid-May
** The stock tops Germany's mid-cap index .MDAXI
($1 = 0.9218 euros)
(Reporting by Ozan Ergenay)
((ozan.ergenay@thomsonreuters.com))