Retail in brief | Avicenna, Shop Apotheke Europe

Retail in brief | Avicenna, Shop Apotheke Europe

8 March 2021 - Deborah Wilkes

Avicenna Pharmacy has acquired Dudley Taylor Pharmacies in the UK, and Shop Apotheke Europe has recorded positive adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA).

Avicenna acquires Dudley Taylor

Avicenna Pharmacy has acquired the Dudley Taylor Pharmacies chain of 57 stores in the UK.

The deal expands UK-based Avicenna’s pharmacy chain to 101 branches.

The acquired community pharmacies are located in the Midlands, the South of England, Wales and Yorkshire. They complement Avicenna’s presence in the North East and South of England.

Shop Apotheke Europe’s EBITDA

Shop Apotheke Europe said it had recorded positive adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in 2020.

Adjusted EBITDA at the Netherlands-based online pharmacy was EUR21.6 million (USD25.8 million), giving a margin of 2.2%.

In 2019, Shop Apotheke Europe recorded a negative adjusted EBITDA of EUR13.6 million. This produced an adjusted EBITDA margin of -1.9% which was an improvement on the previous year’s -2.2%.

Shop Apotheke Europe’s sales in 2020 were up by 38.1% to EUR968 million (click here to reads the News story).

Shop Apotheke Europe describes itself as “one of the leading and fastest-growing online pharmacies in continental Europe”. It operates online pharmacies in Austria, Belgium, France, Germany, Italy, the Netherlands and Switzerland.

The company’s headquarters are in the Netherlands and it is listed on Germany’s Frankfurt Stock Exchange.

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