13 December 2021 - Deborah Wilkes
Zur Rose Group has raised CHF189 million (USD205 million) while Shop Apotheke Europe says it will pass the EUR1 billion mark (USD1.1 billion) in 2021.
Zur Rose raises CHF189 million
Switzerland’s Zur Rose Group has raised CHF189 million (USD205 million) by selling new shares in an international private placement to institutional investors.
The online pharmacy that owns DocMorris said the proceeds would be used to accelerate investments in technology, to invest in further capacity expansion, to finance European growth initiatives and for general corporate purposes.
Zur Rose is in the process of transforming itself from a pure mail-order pharmacy into a European healthcare ecosystem using DocMorris as an umbrella brand (click here to read the News story).
The company reported revenue of CHF1.49 billion in the first nine months of 2021, representing a rise of 17.7% in local currencies and 19.7% as reported compared to the same period a year earlier (click here to read the News story).
Revenue at Zur Rose’s German business increased by 24.9% in local currencies to CHF980 million, while revenue at the Swiss business rose by 5.3% to CHF458 million.
The Rest of Europe business, which covers Zur Rose’s marketplaces in Spain and France, reported revenue up by 20.2% in local currencies to CHF58.6 million.
Shop Apotheke Europe to pass EUR1 billion
Shop Apotheke Europe expects to report annual sales of more than EUR1 billion (USD1.1 billion) for the first time in 2021.
The Netherlands-based online pharmacy said the COVID-19 pandemic had “significantly accelerated the shift of retail towards e-commerce”.
Commenting on the prospects for 2022, Shop Apotheke Europe said online sales of prescription medicines would gain further importance with the introduction of electronic prescriptions in Germany.
In 2020, Shop Apotheke Europe reported sales of EUR968 million, representing a rise of 38.1% compared to 2019 (click here to read the News story).
Shop Apotheke Europe operates online pharmacies in Austria, Belgium, France, Germany, Italy, the Netherlands and Switzerland.