EQS-News: Zur Rose Group posts acceleration of growth in third quarter 2019
EQS Group-News: Zur Rose Group AG
/ Key word(s): Development of Sales
Zur Rose Group posts acceleration of growth in third quarter 2019
23.10.2019 / 06:45
Press release
Zur Rose Group posts acceleration of growth in third quarter 2019
- Revenue up 30 per cent in the first nine months of 2019
- Strategic cooperation with the German Association of General Practitioners on
e-prescriptions
- Group Management expanded: Betül Susamis Unaran becomes Chief Strategy and
Digital Officer
The Zur Rose Group remains on the growth track: including the sales of medpex, Europe's largest e-commerce pharmacy generated revenue of CHF 1,157.8 million in the first nine months of 2019. This represents a rise of 30.2 per cent (32.4 per cent in local currency terms) compared with the same period last year and a further acceleration of growth compared to the first half of the year. Excluding medpex, sales rose by 12.5 per cent (14.7 per cent in local currency terms)[1]. In Germany, revenue including medpex rose by 50.2 per cent in local currency terms, with the Swiss business up by 5.0 per cent.
e-prescriptions: cooperation with the German Association of General Practitioners
Preparations by the Zur Rose Group for the forthcoming launch of e-prescriptions in Germany are going according to plan. The Group is driving ahead with various pilot projects as a systems operator for e-prescription solutions. In October, DocMorris entered into a strategic cooperation with the HÄVG ("Hausärztliche Vertragsgemeinschaft" - the organisation that manages the contracts for the German Association of General Practitioners). The HÄVG provides healthcare services for around 30,000 organised general practitioners. In November the cooperation partners will start a pilot project on electronic prescription transfer, supported by the German Association of General Practitioners and its regional group in Westfalen-Lippe. A checking module for drug therapy safety will be included in a second phase. This cross-sectoral pilot project brings together general practitioners, patients and pharmacies thanks to the e-prescription technology of eHealth-Tec GmbH combined with the DocMorris e-Rx app and the drug therapy safety (AMTS) database. For the first time, this makes it possible to have a patient supply process for individual drug therapy which is fully digital from prescription to billing.
Partnership with health insurers
In Switzerland too, the Zur Rose Group is committed to the best possible healthcare at lower prices. It supports insurance solutions which take this aspect into account - such as the new "Multimed" alternative basic insurance model from CSS Insurance[2], which focuses on strict coordination between service providers. With "Multimed", the savings achieved allow customers to benefit from a reduced deductible and a premium discount. If the physician does not dispense drugs himself, the patient with a repeat prescription will obtain the medication from a mail-order pharmacy.
Group Management strengthened
The Zur Rose Group wishes to more firmly embed the significance and opportunities of digitalisation in the management structure and has created the new position of Chief Strategy and Digital Officer. To take on this responsible role, Zur Rose has successfully recruited Betül Susamis Unaran. A dual national of Switzerland and Turkey, she most recently ran the digital agenda for Novartis Pharmaceuticals. In this and her previous positions in the pharmaceutical industry, at McKinsey & Company and with Procter & Gamble, she has demonstrated a track record of outstanding achievements in the digital health sector. Ms Unaran will join the company on 1 November 2019 and will be a Member of Group Management from 1 May 2020. "I am delighted to welcome Betül Susamis Unaran on board. She is a highly qualified manager and colleague and will drive forward the company's digital strategy and the development of the healthcare ecosystem," said Walter Oberhänsli, CEO of the Zur Rose Group. "The broadening of Group Management and the associated strengthening of the leadership structure is a key, forward-looking step towards aligning the organisation of the Group with future challenges and further geographical expansion."
Outlook
For the full year 2019 the Zur Rose Group expects revenue including medpex of around CHF 1.6 billion, representing more than 30 per cent growth over last year. In light of the introduction of electronic prescriptions in Germany, management confirms the outlook for 2022: The Zur Rose Group is looking to double the revenue achieved in 2018. The EBITDA margin target for 2022 is 5 - 6 per cent.
Revenue, in CHF thousands (unaudited)
1.1.-30.9.2019
1.1.-30.9.2018
Change
Zur Rose Group including medpex
1,157,810
889,252
30.2%
Zur Rose Group including medpex in local currency
-
-
32.4%
Zur Rose Group
1,000,345
889,252
12.5%
Zur Rose Group in local currency
-
-
14.7%
Markets
Germany including medpex
720,735
498,406
44.6%
Germany including medpex, in EUR thousands
-
-
50.2%
Germany
563,271
498,405
13.0%
Germany, in EUR thousands
-
-
17.4%
Switzerland
409,404
389,774
5.0%
Rest of Europe
27,671
1,072(1)
n.a.
Business models
B2C including medpex
815,428
596,111
36.8%
B2C
657,963
596,111
10.4%
Professional Services
314,711
292,069
7.8%
Marketplace
27,671
1,072
n.a.
Revenue, in CHF thousands (unaudited)
1.7.-30.9.2019
1.7.-30.9.2018
Change
Zur Rose Group including medpex
386,003
286,546
34.7%
Zur Rose Group including medpex in local currency
-
-
37.3%
Zur Rose Group
331,985
286,546
15.9%
Zur Rose Group in local currency
-
-
18.4%
Markets
Germany including medpex
240,115
157,821
52.1%
Germany including medpex, in EUR thousands
-
-
58.6%
Germany
186,097
157,820
17.9%
Germany, in EUR thousands
-
-
23.0%
Switzerland
136,074
127,653
6.6%
Rest of Europe
9,814
1,072(1)
n.a.
Business models
B2C including medpex
272,149
189,917
43.3%
B2C
218,131
189,917
14.9%
Professional Services
104,040
95,557
8.9%
Marketplace
9,814
1,072
n.a.
1) PromoFarma consolidated per 14 September 2018
Key revenue figures
Nominal revenue growth indicates the change in per cent of revenue compared to the previous year. Revenue growth in local currency terms shows the change in per cent of revenue without the impact of exchange rate effects (conversion is at the previous year's rate).
Investors and analyst contact
Marcel Ziwica, Chief Financial Officer
Email: ir@zurrose.com, phone: +41 58 810 11 49
Media contact
Lisa Lüthi, Head of Corporate Communications
Email: media@zurrose.com, phone: +41 52 724 08 14
Agenda
22 January 2020 Sales 2019
19 March 2020 2019 Full-Year Results
16 April 2020 First Quarter Trading Update
23 April 2020 Annual General Meeting
Zur Rose Group
The Swiss Zur Rose Group is Europe's largest e-commerce pharmacy and one of the leading medical wholesalers in Switzerland. With its business model, it offers high-quality, safe and cost-effective pharmaceutical care and thus contributes to reducing healthcare costs. It is also characterized by the continuous further development of digital services in the field of drug management and actively promotes its positioning as a comprehensive, integrated cross-service healthcare platform. The creation of added value and a pronounced patient orientation make the Group an important strategic partner for service providers, payers and industry.
The Zur Rose Group is internationally present with strong brands, including Germany's best-known pharmacy brand DocMorris. The company employs over 1,300 people at various locations and generated a turnover of CHF 1,207 million in the 2018 financial year. The shares of Zur Rose Group AG are listed on the SIX Swiss Exchange (securities number 4261528, ISIN CH0042615283, ticker ROSE). The CHF 115 million corporate bond issued in July 2018 is also listed on the SIX Swiss Exchange (securities number 42146044, ISIN CH0421460442, ticker ZRO18). Further information at zurrosegroup.com
[1] As the separation of the mail-order business has not yet been completed, no medpex revenues have been consolidated in the first nine months of 2019.[2] Press release by CSS Insurance (not available in English): https://www.css.ch/de/home/ueber_uns/medien_publikationen/medienmitteilungen/2019/multimed.html
End of Corporate News
Language:
English
Company:
Zur Rose Group AG
Walzmühlestrasse 60
8500 Frauenfeld
Switzerland
Phone:
+41 52 724 08 14
Internet:
www.zurrosegroup.com
ISIN:
CH0042615283
Listed:
SIX Swiss Exchange
EQS News ID:
894423
End of News
EQS Group News Service
894423 23.10.2019