Redcare Pharmacy up as sales growth accelerates
05/10/2023 07:56
** Shares in Redcare Pharmacy RDC.DE rise around 5% in
early Frankfurt trade after the online pharmacy retailer's Q3
sales grew by 67% on the year, accelerating from 46.5% in Q2
** Based on preliminary results, the group says Q3 sales
rose to 475 million euros ($499.4 million), citing "vast growth
potential" of its markets
** "Should be good enough to support a bounce," a local
trader says
** The group confirms FY guidance, saying it is "fully on
track" to meet the previously increased guidance for FY
non-prescription drug sales growth of 20-30%
** The Redcare stock is up around 125% YTD
($1 = 0.9511 euros)
(Reporting by Anna Mackenzie)
((Anna.mackenzie@thomsonreuters.com))