Pilulka, pharmaceutical retail company, the largest online pharmacy in the Czech Republic, is leaving Romania, the withdrawal, decided now, after only a few years of presence on the local market, as part of a plan by which it wants to save annually about 4.2 million euros, reveals data analyzed by Profit.ro.
The company, launched by brothers Martin and Petr Kasov in 2013, will, however, strengthen its position in other markets, namely in the Czech Republic, Slovakia, Austria and Hungary, but with a reduction in the number of employees in Prague and Bratislava.
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“The restructuring and leaving Romania, which last year brought a loss of 20 million CZK (about 800,000 euros – no), at an EBITDA level of 74 million CZK, is not surprising,” says banking analyst Fio Jan Tománek.
“There is no change in our ambition to modernize the pharmacy market. All the steps are in such a way that they do not impact the increase in sales and profitability. We calculate that 2023 will be the most successful year in Pilulka’s history, which is also indicated for the first half of the year, for which we will finish about six percent above last year’s sales, with an optimistic outlook for the second half of the year” , says, on the other hand, Martin Kasa, member of the Board of Directors.
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The Czechs entered the Romanian market in 2018, having losses every year, according to Profit.ro data.
Last year, Pilulka had, in Romania, business of 15.1 million lei and a loss of 3.6 million lei, with 25 employees.
Globally, sales reached 147.8 million euros.
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In 2022, Pilulka expanded to Hungary and Austria, opened a new distribution center in Olomouc (Czech Republic), and expanded its own Pilulka Express service to the Czech Republic.
As of 2020, Pilulka shares are traded on the Prague Stock Exchange.
2023-06-29 03:10:12
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