17.11.2016
zooplus AG DE0005111702
DGAP-News: zooplus AG: Significant increase in sales and earnings in the first nine months of 2016
DGAP-News: zooplus AG / Key word(s): 9-month figures/Quarter Results
zooplus AG: Significant increase in sales and earnings in the first nine
months of 2016
17.11.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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zooplus AG: Significant increase in sales and earnings in the first nine
months of 2016
- Sales increase 28% to EUR 655 million (9M 2015: EUR 511 million)
- Earnings before taxes (EBT) rise to EUR 11.1 million (9M 2015: EUR 9.1
million)
- 2016 forecast confirmed: Company expects sales of at least EUR 900
million and EBT in the range of EUR 14 to 18 million
Munich, November 17, 2016 - In the first nine months of the 2016 financial
year, zooplus AG (WKN 511170, ISIN DE0005111702, ticker symbol ZO1),
Europe's leading online retailer of pet supplies, steadily moved forward on
its strategic growth path. Sales increased 28% year-on-year to EUR 655
million (9M 2015: EUR 511 million) with sales on a currency-adjusted basis
growing by 30%. The strong sales growth was driven by a continued, very
high level of customer loyalty and solid business with new customers
leading to double-digit sales growth in all 30 regional markets. This
enabled the company to further enhance its competitive position and
underscored, once again, the high acceptance of the company's business
model by the customers.
In the midst of an ongoing, competitive market environment, earnings before
taxes (EBT) in the first nine months of 2016 reached a total of EUR 11.1
million for an increase of EUR 2.0 million compared to the year-ago period
(9M 2015: EUR 9.1 million). The total margin (gross margin and other
operating income) amounted to 29.8% in the first nine months (9M 2015:
31.0%). The level of other operating income increased year-on-year by 0.7
percentage points, and the gross margin was 25.2% (9M 2015: 27.1%). Total
costs of marketing, logistics, personnel, administration, depreciation,
amortization and interest as a percentage of sales equaled 28.2% in the
first nine months of 2016 compared to 29.2% in the same period of the prior
year.
The company's high growth together with a moderate rise in working capital
could again be fully financed by the operating business. Free cash flow in
the first nine months of 2016 was clearly positive at EUR 6.8 million. The
positive operating result and the further acceleration in the turnover of
goods were key contributors to the cash flow.
Dr. Cornelius Patt, CEO of zooplus AG, in his comments on the company's
business performance stated: "Given the persistent strong sales growth
financed by the operating business, we are very pleased with the
performance in the first nine months of 2016. Our strategic focus on sales
growth as the company's size increases has proven once again to be
beneficial to our cost structure. In terms of earnings, we have so far been
able to partially compensate for the effects of the strong depreciation of
the British pound since the Brexit vote through temporary and beneficial
hedging strategies. As a result, the full effect of the British pound's
depreciation will become evident only in the year 2017. Nevertheless,
despite the currently unfavorable environment, our aim continues to be to
expand our strong market position in Great Britain. Therefore, we are
aligning our activities there to adapt to the new environment. In all of
the other regional markets, we will also continue to make sales growth our
priority which will strongly support the further successful development of
the company."
Based on the company's current business performance, the Management Board
of zooplus AG confirms its forecast for the 2016 financial year for sales
of at least EUR 900 million and earnings before taxes (EBT) in the range of
EUR 14 to 18 million.
The full report for the first nine months of 2016 is available on the
company's website at investors.zooplus.com
Company profile:
zooplus AG was founded in 1999 and today is Europe's leading online
retailer for pet supplies measured by sales. Sales totaled EUR 711 million
in the 2015 financial year of which roughly 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
Maximilian Breuer
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 (0)611-205855-22
Fax: +49 (0)611-205855-66
Email: [email protected]
Website: www.cometis.de
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17.11.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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,
Tradegate Exchange
End of News DGAP News Service
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521667 17.11.2016
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