18.11.2015
zooplus AG DE0005111702
DGAP-News: zooplus AG: Profitable growth trend continues in the first nine months of 2015
DGAP-News: zooplus AG / Key word(s): 9-month figures
zooplus AG: Profitable growth trend continues in the first nine months
of 2015
18.11.2015 / 07:31
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zooplus AG: Profitable growth trend continues in the first nine months of
2015
- Total sales increase 32% to EUR 531.3 million (9M 2014: EUR 403.4
million)
- Sales climb 33% to EUR 511.0 million (9M 2014: EUR 384.8 million)
- Earnings before taxes (EBT) rise to EUR 9.1 million (9M 2014: EUR 6.1
million)
- Full year 2015 earnings target (EBT) at around EUR 12 million expected
Munich, November 18, 2015 - According to the final figures, in the first
nine months of the 2015 financial year, zooplus AG (WKN 511170, ISIN
DE0005111702, ticker symbol ZO1), Europe's leading online retailer of pet
supplies, raised total sales, consisting of sales and other income, by 32%
to EUR 531.3 million (9M 2014: EUR 403.4 million). Sales in the first nine
months grew 33% to EUR 511.0 million in comparison to the previous year (9M
2014: EUR 384.8 million). Other income amounted to EUR 20.3 million (9M
2014: EUR 18.5 million).
Alongside the significant rise in sales, zooplus continued to grow its
earnings before taxes (EBT). In the first nine months of 2015, EBT
increased to EUR 9.1 million versus EUR 6.1 million in the 2014 comparable
period. The earnings development and the optimization of the working
capital had a positive impact on operating cash flow, which reached a level
of EUR 13.5 million in the reporting period compared to EUR -0.9 million in
the previous year.
Dr. Cornelius Patt, CEO of zooplus AG, in his comment on the positive
business development, said: "In 2015, we have continued to achieve
sustainable and efficient growth and have expanded our market share across
the entire market. A further improvement in our expense ratio of 2
percentage points in the first nine months of 2015 to a total of now 28.1%
allowed us to more than compensate for the decline in the gross margin to
29.8%. Other operating income, particularly advertising income and other
revenue from suppliers, also contributed to the positive earnings
development in the third quarter. The euro's weak exchange rate, however,
had a negative impact on the margin - an effect that is expected to
continue in the fourth quarter."
The positive business development in the first nine months already prompted
the Management Board on October 21 to raise its total sales forecast for
2015 from EUR 725 million to around EUR 740 million. In terms of earnings
before taxes (EBT), the Management Board is now providing more concrete
expectations and is currently projecting earnings before taxes (EBT) of
around EUR 12 million and thus at the upper end of the previous range of
EUR 8 million to EUR 12 million.
The zooplus Group's balance sheet ratios as of September 30, 2015, remained
very solid. Total assets stood at EUR 142.9 million (December 31, 2014: EUR
138.6 million) and the equity ratio was 63.7%.
zooplus will release its full report for the first nine months of 2015 in
the course of the day and make it available for download at
investors.zooplus.com.
Company profile:
zooplus was founded in 1999 and today is Europe's leading online retailer
for pet supplies measured by sales and total sales. The latter totaled EUR
571 million in the 2014 financial year of which approximately 70% was
generated internationally. The company's business model has been launched
successfully in 30 European countries. zooplus sells products for all major
pet breeds. The product range includes pet food (dry and wet food and food
supplements) and accessories such as scratching posts, dog baskets, and
toys in all price categories. In addition to a selection of over 8,000
products, zooplus customers benefit from a variety of interactive content
and community offerings. The pet supplies market is an important market
segment in the European retail landscape. Sales of pet food and accessories
within the European Union amount to around EUR 25 billion. Based on the
further vigorous growth anticipated in the European e-commerce market,
zooplus expects its dynamic performance to continue.
Online at: www.zooplus.de
Investor relations / media contact:
cometis AG
Anita Schneider
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 (0)611-205855-26
Fax: +49 (0)611-205855-66
Email: [email protected]
Website: www.cometis.de
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18.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart
End of News DGAP News Service
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414093 18.11.2015
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