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DocMorris, a Swiss online pharmacy delivery company, experiences a small decline in Q1 sales, reports ET HealthWorld.

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Swiss online drug delivery firm DocMorris reports slight miss in Q1 sales, ET HealthWorld

In London, Swiss online drug delivery company DocMorris fell slightly short of first-quarter sales expectations on Tuesday, with revenue from prescription medicines decreasing and e-prescriptions not yet being fully redeemable digitally at online pharmacies. DocMorris reported external revenue of 262.4 million Swiss francs, just 1.4% below analysts’ expectations but still a 5.5% increase compared to the previous year. The company’s focus on e-prescriptions in Germany aimed to enhance profitability.

DocMorris generated 247 million Swiss francs in external revenue in Germany, accounting for 94% of its total external sales. Meanwhile, Netherlands-based peer Redcare Pharmacy experienced a 51% year-on-year sales growth in the first quarter, reaching 560 million euros. This marked a substantial increase for Redcare Pharmacy compared to DocMorris’ slight miss in sales projections.

The online pharmacy sector, including companies like DocMorris and Redcare Pharmacy, is working towards the full implementation of e-prescriptions in Germany to streamline operations and improve profitability. With e-prescriptions becoming a focal point for online pharmacies, the industry is poised for further growth and development in the coming quarters. The competitive landscape between DocMorris and Redcare Pharmacy reflects the dynamic nature of the online drug delivery market, with both companies striving for innovation and efficiency.

Reported by Tristan Veyet and Chiara Holzhaeuser in Gdansk, the online drug delivery industry’s trajectory will be closely monitored as companies like DocMorris and Redcare Pharmacy continue to adapt to the evolving digital landscape.

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