11.11.2013
zooplus AG DE0005111702
DGAP-News: zooplus AG: Positive earnings development in combination with strong sales growth in the first nine months of 2013
DGAP-News: zooplus AG / Key word(s): Quarter Results/Miscellaneous
zooplus AG: Positive earnings development in combination with strong
sales growth in the first nine months of 2013
11.11.2013 / 07:24
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- +29% growth in sales and total sales compared to the previous year
- Significant earnings improvement leads to positive earnings before tax
(EBT) of EUR 1.7 m in the third quarter as well as EUR 1.2 m in the first
nine months
- Sustainability and efficiency of the growth allows to raise the forecast
for total sales to EUR 415 m with positive earnings (EBT) for the full
year
Munich, November 11, 2013 - zooplus AG (WKN 511170, ISIN DE0005111702,
ticker symbol ZO1) has confirmed the upwards trend in the current financial
year with the publication of its final financial figures for the first nine
months of 2013. Europe's leading online retailer of pet supplies was able
to achieve earnings before taxes (EBT) of EUR 1.7 m (Q3 2012: EUR -1.8 m),
as well as EUR 1.2 m over the course of the first nine months (9M 2012: EUR
-2.7 m). At the same time, total sales increased significantly: in the
third quarter, the figure came in at EUR 107.8 m (Q3 2012:
EUR 85.4 m), and at EUR 306.7 m over the course of the first nine months
(9M 2012: EUR 237.8 m). This represents an increase of 29% compared to the
previous year period.
As Dr. Cornelius Patt, CEO of zooplus AG, comments: 'The 9 month figures,
and particularly the figures for the third quarter, underline our
significant progress in marketing efficiency as well as the outstanding
cost structure of our logistics centers - we use these strengths to offer
our customers across Europe unparalleled value for money. The upshot: a
continuous increase in business volume, particularly among regular
customers. We are therefore confirming our recently raised forecast for the
year of at least EUR 415 m total sales with positive earnings before taxes
(EBT).'
Total costs for marketing, logistics, personnel and administration as well
as depreciation and interests were at 32.1% in the third quarter of 2013
(Q3 2012: 37.5%) and 33.9% for the first nine months (9M 2012: 37.5%).
These are the lowest levels ever for the company. The central driver of the
substantially improved logistics efficiency is the new fulfillment center
in Wroclaw, Poland. Despite a substantially higher proportion of
international shipping, expenses on logistics could be decreased to 21.3%
in the third quarter (Q3 2012: 23.2%). In marketing, the costs of customer
acquisition in the first nine months of 2013 were reduced to 2.7% of total
sales (9M 2012: 4.9%); while cost of goods increased in Q3 to 66.3% of
total sales (Q3 2012: 64.6%) and 65.7% in the first nine months of 2013 (9M
2012: 63.7%). In total, the cost reductions in marketing and logistics
stood at 5.2% in the third quarter and 3.3% in the first nine months of
2013, compared to total sales. The cost reductions are therefore
substantially larger than the changes to cost of goods (Q3: +1.7%, 9M:
+2.0%) - with the corresponding positive impact on the overall result and
our long-term competitiveness.
Dr. Cornelius Patt explains: 'Thanks to our significant operating progress,
we have been able to tangibly improve the value for money of our offering
in all core markets and at the same time improve company earnings: in the
third quarter 2013, the pre-tax return on sales came in at 1.6%, after a
previous year's figure of -2.1%, and that on the back of a continued high
growth rate.'
With equity of EUR 34.9 m as of September 30, 2013 (December 31, 2012: EUR
33.9 m) and an equity rate of 45.4%, zooplus is also up on its targets with
regards to balance sheet figures. Total assets came in at EUR 76.9 m,
tangibly up on the previous year figure (December 31, 2012: EUR 65.4 m), in
part due to the additional inventories of the new third logistics center.
However, total assets recorded below-average development compared to total
sales. Due to the exclusively organic growth, the company was therefore
able to further improve capital productivity.
The full report for the first nine months of 2013 will be available for
download on the website investors.zooplus.com during the course of the day.
Company profile:
zooplus was founded in 1999 and has established itself as Europe's leading
online retailer for pet products, measured by sales and total sales. In
2012, the latter amounted to EUR 336 m and has therefore increased six-fold
since 2007. The company's business model has already been introduced
successfully in 24 European countries. zooplus offers products for all pet
varieties. Its product range comprises foods (dry and wet pet foods as well
as pet food supplements) and pet accessories (such as cat trees, dog
baskets and toys) in all price categories. In addition to a selection of
over 8,000 products, zooplus customers benefit from a range of interactive
online content and community features. Pet supplies is a key market segment
within the European retail landscape. In 2011, sales of more than EUR 22 bn
were recorded within the pet supplies industry in the European Union. The
ongoing 'humanization' of pets in key industrialized countries means that
pet owners' purchasing behavior is undergoing profound change and moving
towards healthcare, wellness and other related premium products. In
addition, continued strong growth is expected for eCommerce in Europe per
se. zooplus is therefore anticipating continued dynamic growth for the
future.
Online at: www.zooplus.de
Investor relations / media contact:
Dirk Ulmer
cometis AG
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 (0)611-205855-24
Fax: +49 (0)611-205855-66
[email protected]
Web: http://www.cometis.de/
End of Corporate News
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Language: English
Company: zooplus AG
Sonnenstraße 15
80331 München
Germany
Phone: +49 (0)89 95 006 - 100
Fax: +49 (0)89 95 006 - 500
E-mail: [email protected]
Internet: www.zooplus.de
ISIN: DE0005111702
WKN: 511170
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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238934 11.11.2013
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