Magnum

A leading pharmaceutical
wholesaler and retailer in the Baltic States

Medications/Veterinary products/Dental care/Logistics/Pet goods/Non-medical health goods

  • Clients 1mil+
  • Employees 1700+
  • Years 30+

Management

Mari Krass

BOARD MEMBER e-post

“My role is to help the organisation to get to new and sustainable solutions by implementing innovative and integrated developments.
The courage to change is the only way to keep the organisation developing in this dynamic world.
Cooperation and the synergy of the team creates a strong foundation to build upon!”

Veiko Vetto

BOARD MEMBER e-post

“I am responsible for the financial management of the entire Group to make our corporate goals and results tangible. They are a prime health indicator for us and our partners. Of course, my fierce colleagues will help me.”

Marika Pensa

BOARD MEMBER e-post
  • Mari Krass
    BOARD MEMBER e-post Strategy and business development Education: University of Tartu, pharmacist and strategic management
  • Veiko Vetto
    BOARD MEMBER e-post Financial management Education: University of Tartu, economics
  • Marika Pensa
    BOARD MEMBER e-post Apotheka franchise business

Structure

Economic indicators

Revenue 1993-2020

  • Packages per year 10mil+
  • Pharmacies 120+
  • Suppliers from 400+
  • 504 mil €
    Revenue
  • 186 mil €
    Assets

History

1992

Start of pharmaceutical wholesaling business in Estonia

1993

Dental wholesaling in Estonia

1996

The first order was made from a pharmacy via the Internet

1998

Veterinary wholesaling business in Estonia (acquisition of Zoovetvaru)

1999

Expansion to Latvia (acquisition of SIA Pharma Service Riga)

2000

Our first pharmacy in Estonia the brand name Apotheka.

2001

An automatic ordering system for pharmacies was introduced

2002

Veterinary wholesale subsidiaries in Lithuania and in Latvia

2003

Entering pharmaceutical retail business in Estonia (acquisition of Parimex Invest with 58 pharmacies in Estonia under the franchised brand name Apotheka)

2004

Subsidiary established in Finland

2005

We opened our first pharmacy in Latvia under the brand name A. Aptiekas.

2007

Acquisition of the leading veterinary wholesaler LAVC in Lithuania

2008

A new, modern and highly automated logistics centre was opened in Estonia

2010

Introduction of Private Label

2012

Medicine unit dose dispensing in pharmacies (personal packing service)

2013

We opened the first online pharmacy in Estonia.

2014

More than 80 pharmacies in Estonia, more than 70 pharmacies in Latvia.
We opened a new concept of the drugstores in Estonia and Latvia.
Own loyalty program launch.

2015

Opening of the first online pharmacy in Latvia

We introduced a pharmacy robots

 

2016

Apotheka customer loyalty card joins the
500 000s client
Opening Iluteek.ee – pharmacy cosmetics e-shop
Launching the project „Special aids
for people with disabilities“

2017

Launching the video pharmacist solution
Celebrating the 25th anniversary of Magnum

2018

Opening the first pharmacy cosmetics shop Apotheka Beauty
Opening the 24/7 pet ambulance clinic in Rannamõisa PetCity centre

2019

Laienesime humaan-ravimite hulgimüügiga Leetu.
Avasime Vilniuses esimese Apotheka apteegi ja Apotheka Beauty poe.

2020

Opening of new warehouses in Lithuania and Finland