March 17, 2020 / 6:21 AM / in 23 days

BRIEF-Shop Apotheke Europe FY Group Revenues Up At EUR 701 Million

March 17 (Reuters) - SHOP APOTHEKE EUROPE NV:

* DELIVERED HIGH GROWTH AND BETTER MARGINS IN 2019, ENDING THE YEAR WITH A STRONG Q4.

* ADJUSTED EBITDA MARGIN AT -1.9% IN 2019 (-2.2% IN 2018), BETTER THAN GUIDANCE (-2.0% TO -2.3%)

* OUTLOOK FOR 2020: GROW SALES BY AROUND 20% AND ACHIEVE A BREAKEVEN ADJUSTED EBITDA MARGIN

* INCREASED ITS FY GROUP REVENUES FROM EUR 540 MILLION IN 2018 TO EUR 701 MILLION, A RISE OF 30% Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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