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DocMorris (DOCM) investor relations material
DocMorris Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 11.1% external revenue growth and 12.4% revenue growth in 2025, with strong Q4 momentum.
All business areas contributed to growth, with digital services and telemedicine showing high-margin expansion.
Active customer base increased to 11.0 million in 2025, despite the discontinuation of the Zur Rose brand in Germany.
Financial highlights
External revenue reached CHF 1,185.8 million, up 11.1% year-over-year; revenue at CHF 1,124.5 million, up 12.4%.
Q4 external revenue rose 15.5% year-over-year; revenue up 16.6% in local currency.
Germany segment external revenue up 11.7% in local currency; Rx revenue up 33.2% to CHF 234.8 million.
Non-Rx external revenue up 7.1% to CHF 887.9 million; TeleClinic revenue up 124% to CHF 24.9 million.
Retail Media and Marketplace revenue up 88% to CHF 13.6 million.
Outlook and guidance
EBITDA forecast for 2025 specified at minus CHF 48 to minus CHF 52 million.
EBITDA breakeven expected in 2026; free cash flow breakeven targeted for 2027.
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