Redcare up after preliminary Q1 results
04/04/2024 07:49
** Shares in Redcare Pharmacy RDC.DE rise around 2% in
early Frankfurt trade after it posted preliminary Q1 figures
** The online pharmaceutical retailer's sales rose 51% to
560 million euros ($607.32 million), what Berenberg analyst
Gerhard Orgonas says is a "continued strong" result
** Orgonas also notes that Redcare's sales of prescription
medicines (Rx) at 404 million euros was a positive result in
light of the transitory e-script period with the CardLink system
not yet available to online pharmacies
** Orgonas adds that the enlarged customer base expanded to
11.2 million, which should help drive e-script revenues from Q2
($1 = 0.9221 euros)
(Reporting by Paolo Laudani)
((Paolo.Laudani@thomsonreuters.com))