NEUCA S A : Record market shares in Q3

NEUCA Record market shares in Q3

From July to September 2020, in a market environment dominated by the impact of SARS-CoV-2, NEUCA consistently ensured the continuity of drug supplies to hospital pharmacies, fulfilling a key role in the Polish health care system. The anti-crisis support packages for independent pharmacies, launched in the second quarter of 2020, were also maintained, as well as the sanitary regime standards, which increase the safety of NEUCA employees, its clients and patients.

In the 3rd quarter, the fluctuations in demand on the pharmacy wholesale market, observed at the beginning of the year, were reduced. The market in this period reached the value of 7.9 billion PLN, which means an increase of 1.5% in the y/y approach. The size of the market after three quarters returned to the level of the same period last year, reaching 23.7 billion PLN (+0.2% y/y).* In the third quarter of 2020 alone, the NEUCA Group increased its market share in the y/y approach by 3.4 percentage points to 32%*. In the area of independent pharmacies, the shares reached the highest value in the Group's history of 36.9% (+4.8 percentage points y/y)**.

In July-September, NEUCA generated 2.3 billion PLN in sales revenues, which means a 15% increase in the y/y approach. During this period the net profit increased by 61.3% to 45.3 million PLN. Cumulative sales after 9 months of 2020 reached 6.9 billion PLN (+11.8% y/y) with a net profit of 125 million PLN, higher than the results of the whole 2019 (net profit of 117.8 million PLN).

Increased trust in the company contributes to the success of Partner+, Partner and IPRA partnership programs. In the third quarter 168 new pharmacies joined the programs. A total of 2793 independent pharmacies participated in the NEUCA programs at the end of September, which means a nearly 40% increase in the y/y approach.

*Source: IQVIA, Sell-In data

** Company's own calculations based on monthly IQVIA Pharmascope data (Sell-out data) and IQVIA OneKey database (pharmacy information)

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