APOTEANasdaq StockholmConsumer StaplesIFRS · SEK

Apotea

Apotea is a Swedish online pharmacy that sells prescription medicines, over-the-counter drugs, and a broad assortment of health, hygiene, and consumer products. The company operates without physical stores and serves customers through an e-commerce platform supported by automated warehousing and home delivery.

Revenue7,203m SEK
+10.1 %y/y
Operating profit (EBIT)266m SEK
+0.0 %y/y
EBIT margin3.7%
−0.4 ppy/y
Net income226m SEK
+6.7 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

02,0004,0006,0008,000m SEK2021: 4,126 m SEK2021: EBIT 134 m SEK20212022: 4,580 m SEK2022: EBIT 48 m SEK20222023: 5,450 m SEK2023: EBIT 114 m SEK20232024: 6,541 m SEK2024: EBIT 266 m SEK20242025: 7,203 m SEK2025: EBIT 266 m SEK2025TTM 2026: EBIT 286 m SEKTTM286
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Prescription medicines35 %

Pharmacy products dispensed against prescription and delivered to customers.

Over-the-counter medicines25 %

Non-prescription medicines and self-care products sold through the online pharmacy.

Health, hygiene and personal care20 %

Daily-use pharmacy and personal care items such as hygiene and wellness products.

Vitamins, supplements and health food10 %

Nutritional products and supplements sold alongside pharmacy goods.

Consumer goods and traded products10 %

Adjacent non-pharmacy items included in the online assortment.

Customers

Apotea serves Swedish consumers who want pharmacy products delivered to their home, including patients filling prescriptions and shoppers buying self-care items online. Its customer base also includes households purchasing recurring health, hygiene, and wellness products, where convenience, price, and fast delivery are important. The business depends on trust, product availability, and reliable fulfillment because customers often buy essential items with time-sensitive needs.

Prescription medicine patients

Buy prescribed medicines online and rely on accurate, compliant fulfillment.

Over-the-counter self-care shoppers

Purchase non-prescription medicines for convenience, availability, and price.

Health and hygiene households

Buy recurring personal care and household pharmacy items online.

Wellness and supplement buyers

Purchase vitamins, supplements, and related health products.

Strategy

Apotea’s strategy is built around being a pure online pharmacy with a strong customer promise: fast delivery, low prices, and free shipping. The company emphasizes automation, technology, supplier relationships, and logistics capacity to support scale, service quality, and efficient fulfillment.

Automated logistics and fulfillment capacityMedium term

Automation supports fast delivery, scale, and efficient order handling.

Customer experience and service reliabilityShort term

The business depends on trust, availability, and repeat purchasing.

Technology-enabled scaleMedium term

Proprietary systems help the company handle growth without physical stores.

Geography

Apotea is primarily a Swedish business, with operations and customer service centered in Sweden and a registered office in Stockholm. Its fulfillment network and warehouse footprint are designed to support nationwide delivery, with additional warehouse capacity used to improve service coverage and delivery speed across the country.

Risks

Apotea’s main risks stem from pharmacy regulation, product safety, supply chain reliability, and the operational complexity of handling medicines at scale. Because it is an online pharmacy, it also faces cybersecurity, privacy, and fulfillment risks that can affect customer trust, service continuity, and compliance.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Prescription processing errors1Cybersecurity and data privacy2Regulatory compliance3Supply chain and product availability4Upstream sourcing and ESG exposure5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Prescription processing errorsImpact: HighLikelihood: Medium

    Incorrect handling of prescription medicines could lead to wrong deliveries or healthcare injuries.

    Exposure: Pharmacy fulfillment and dispensing operations

  2. Cybersecurity and data privacyImpact: HighLikelihood: Medium

    The e-commerce platform stores sensitive customer and health-related information.

    ExposureCustomer dataEnd-user privacyPlatform availability
  3. Regulatory complianceImpact: HighLikelihood: Medium

    Pharmacies must comply with medicine handling, dispensing, and quality requirements.

    Exposure: Swedish pharmacy regulation and self-inspection controls

  4. Supply chain and product availabilityImpact: MediumLikelihood: Medium

    The model depends on timely sourcing from suppliers and stable inventory flows.

    Exposure: Pharmaceutical and consumer goods assortment

  5. Upstream sourcing and ESG exposureImpact: MediumLikelihood: Medium

    Products are manufactured globally, creating exposure to labor and environmental standards.

    Exposure: Supplier base and product range

Accounting

Judgemental items
Revenue recognition at point of delivery

Sales are recorded when control transfers, which affects cut-off around quarter-end.

Impact: Quarterly revenue timing and comparability

Lease accounting for warehouses and offices

Fulfillment and office sites create right-of-use assets and lease liabilities.

Impact: Balance sheet leverage and operating expense presentation

Inventory and stock availability

Inventory levels influence service continuity and can affect write-down risk.

Impact: Working capital and potential obsolescence provisions

Estimates and judgments

Pharmacy operations require judgments around compliance, provisions, and operational risks.

Impact: Reported expenses and contingent liabilities

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Apotea Revenue, Earnings & Financials 2025 – Clarifo