DGAP-News

SHOP APOTHEKE EUROPE grows more than twice as fast as the overall Continental European market in 2016. Accelerated growth projected for 2017 as well.

DGAP-News: SHOP APOTHEKE EUROPE N.V. / Key word(s): Final Results/Forecast SHOP APOTHEKE EUROPE grows more than twice as fast as the overall Continental European market in 2016. Accelerated growth projected for 2017 as well. 27.03.2017 / 07:01 The issuer is solely responsible for the content of this announcement.

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SHOP APOTHEKE EUROPE grows more than twice as fast as the overall Continental European market in 2016. Accelerated growth projected for 2017 as well.

• Revenues increased by 41% to EUR 177.4 million in 2016
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• Gross margin stable at 20.5% despite accelerated growth; adjusted EBITDA margin improved from -4.2% to -3.3%
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• Long-term loans repaid as planned with proceeds from the IPO
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• Revenues from international operations more than tripled to EUR 30.4 million thanks to the early integration of FARMALINE that was acquired in September 2016
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• Profitability in the German core market grew while revenues increased by 26%
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• Excellent start into the 2017 fiscal year; accelerated growth and further improvements in profitability expected
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Venlo, the Netherlands, March 27, 2017 - SHOP APOTHEKE EUROPE N.V., Europe's leading online OTC pharmacy (OTC = over the counter = non-prescription medications), has achieved its ambitious 2016 growth targets. With corporate revenues increasing by over 41% to EUR 177.4 million (previous year: EUR 125.6 million), SHOP APOTHEKE EUROPE grew more than twice as fast as the overall Continental European market, which went up 17%*. Strong growth in international revenues - boosted by the rapid integration of the FARMALINE online pharmacy acquired in September 2016 - has further accelerated growth and strengthened SHOP APOTHEKE EUROPE's leading position in the dynamically growing European online pharmacy market.