20.05.2014
zooplus AG DE0005111702
DGAP-News: zooplus AG: Accelerated growth and positive earnings before taxes in first quarter 2014
DGAP-News: zooplus AG / Key word(s): Quarter Results
zooplus AG: Accelerated growth and positive earnings before taxes in
first quarter 2014
20.05.2014 / 07:29
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- Total sales rise 30% to EUR 126.3 m (Q1 2013: EUR 97.0 m)
- Positive earnings before taxes (EBT) of EUR 1.2 m (Q1 2013: EUR -0.8 m)
- Forecast for financial year 2014 confirmed
Munich, May 20, 2014 - zooplus AG (WKN 511170, ISIN DE0005111702, ticker
symbol ZO1), Europe's leading online retailer of pet supplies, can confirm
a substantial acceleration in its sales growth following the publication of
its final financial figures for the first three months of 2014. Total
sales, which is made up of sales and other income, rose by 30% to EUR 126.3
m in the first quarter 2014 compared to EUR 97.0 m in the same period of
the previous year. In the fourth quarter 2013, the growth rate was still at
23%. In addition, the earnings situation has also tangibly improved:
Earnings before taxes (EBT) were up by EUR 2.0 m in the first quarter 2014
to EUR 1.2 m compared to EUR -0.8 m in the previous year.
Dr. Cornelius Patt, CEO of zooplus AG, is pleased with business
development: "The positive progress made by zooplus in the first quarter
2014, both in terms of sales and earnings, confirms the upbeat development
of the financial year 2013 and the successful growth track of zooplus AG.
We are particularly pleased to have achieved positive earnings before taxes
of EUR 1.2 m in the first quarter 2014 on the back of an acceleration in
sales growth with double-digit growth rates across all countries. Following
the development recorded in the first quarter, we are confirming our
forecast for 2014 which anticipates total sales of at least EUR 500 m and
earnings before taxes of around EUR 6 m."
zooplus AG's upbeat business development was influenced by the positive
trend in total sales as well as further improvements to the cost structure.
At 31.3% in relation to total sales, overall costs for marketing,
logistics, personnel, administration, depreciation, amortization and
interest were substantially reduced by 4.4 percentage points compared to
the same quarter in the previous year (35.7%) - a record figure for
zooplus. This is particularly attributable to further efficiency
improvements in the areas of logistics and marketing. Expenses for
logistics and fulfillment came in at 20.9%, down 1.8 percentage points from
the 22.7% recorded in the previous year. Despite accelerated sales growth,
expenses for customer acquisition and marketing were reduced from EUR 3.2 m
to EUR 2.3 m in the first quarter 2014. This represents a level of 1.9% in
relation to total sales in the first three months of 2014 (Q1 2013: 3.3%).
Dr. Cornelius Patt comments: "For many pet owners eCommerce is now the most
attractive way to buy pet food and pet accessories. This notion is widely
accepted by market participants, but not yet fully promoted to consumers.
Hence we expect - also mid- and long-term - high growth rates and intense
competition in our sector. Our pan-European sales and distribution system
has been developed over years and sets high standards: We offer a superior
customer experience and work at levels of efficiency which others find hard
to match. The coming years will bring a heightened level of competitive
pressure, but we are well prepared."
Concerning the balance sheet, total assets came in at EUR 92.2 m on the
balance sheet date, up on the EUR 83.7 m recorded on December 31, 2013, due
in part to the rise in inventories on the back of the growth of the company
and further improved goods availability. Equity was recorded at EUR 37.7 m
as of March 31, 2014 (December 31, 2013: EUR 36.7 m) and the corresponding
equity rate stood at 40.9%. As a result, zooplus is also up on its own
targets in this area.
The full report for the first three months of 2014 will be made available
for download during the course of the day on the website
investors.zooplus.com.
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
2013, the latter amounted to
EUR 427 m and has therefore increased seven-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 2012, 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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20.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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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269395 20.05.2014
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