– The hero of the second quarter was the wholesale distribution of medicines segment, with an over 45% growth rate of operating profit year on year. Growth in sales revenues of 8.0% in the second quarter of this year exceeded the value growth rate of the market, mainly thanks to growth in shares in the chain pharmacies segment and their stabilisation in the independent pharmacies segment. At the same time, the nominal gross margin grew, while average profitability was maintained which was achieved despite an unfavourable product structure of the market (a lower share of pharmaceuticals with a contractual price vs an official price). All these factors were complemented by an improvement in cost efficiency, achieved despite the increase in fuel prices – says Grzegorz Dzik, President of the Board of Directors of NEUCA S.A.
In the second quarter, NEUCA Group effectively pursued its strategic objectives. It invariably takes the highest place in each of the surveyed categories of the customer satisfaction ranking. This level of trust in the Group translates into strong interest and a stable number of participants in our partnership programmes. As a consequence, NEUCA keeps high market shares.
For more information, please see the press release available at the following link: LINK.
1 Value of the market for wholesale distribution to pharmacies according to IQVIA
2 PHARMASCOPE (IQVIA) – in-house research by ODOKA
3 Percentage share of NEUCA in the market of wholesale distribution of medicines to pharmacies according to IQVIA
4 Estimated percentage share of NEUCA in the value of the market of wholesale distribution of medicines to independent pharmacies based on IQVIA
5 Pharmacist Satisfaction Barometer, the Company’s in-house study.
6 IQVIA