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Challenges to the Swedish Pharmacies market after deregulation – How to make a profit



  

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Friday, 08 July 2011
The largest player in the Swedish pharmacy market, Apotek Hj�rtat, reported a loss of Skr358 million after tax, indicating something that might not have been known about the Swedish pharmacy market in its first year operation. It looks like the market for new pharmacies is rough out there.

"It is even more competitive than it was last year. Very many new pharmacies were established in late 2010 and competitive pressures continue to increase, "says Bodil Eriksson, Vice President of the Pharmacy,  Apotek Hj�rtat to the Swedish business daily Dagens Industri.

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Private equity firm Altor Apotek Hj�rtat had at the turn of the year 252 pharmacies and a turnover of Skr7.4 billion. The result was dragged down by about Skr200 million due to interest expenses.

Although industry colleague Medstop, saw a turnover of over Skr2.8 billion in 2010, it was still making a loss. To date, 300 new pharmacies have been opened in Sweden, and the competition is now expected to push some of them to the brink or knock them all out as the biggest challenge to the Swedish pharmacy market is how to make a profits.

"I contend that there is an overcapacity in several places in Sweden, "says Fredrik S�derberg, CEO of Medstop.
By Scancomark.se Team


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