DGAP-News: zooplus AG: 46% total sales growth during 9M 2010 underscores international expansion strategy
(firmenpresse) - zooplus AG / Key word(s): Quarter Results
22.11.2010 08:00
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- Total sales 9M 2010 +46% at EUR 135.4 mm
- EBIT increases to EUR 2.2 mm (previous year: EUR -1.1 mm)
- FY 2010 outlook raised to minimum of EUR 185 mm in total sales with EBT
between EUR 2.5 mm and EUR 4.0 mm
Munich, November 22nd, 2010 - zooplus AG (WKN 511170, ISIN DE0005111702,
ZO1), Europe's leading internet retailer for pet supplies, has achieved
strong total sales growth during 9M 2010, which clearly underscores the
company's international expansion strategy.
Total sales of EUR 135.4 mm were up 46% y-o-y from EUR 92.5 mm during 9M
2009. Total sales for the first nine months of the year consisted of EUR
123.8 mm of retail sales and another EUR 11.5 mm in other operating income.
The company's EBIT of EUR 2.2 mm was up from EUR -1.1 mm during 9M 2009.
Net profit was up significantly as well from EUR -0.8 mm in 9M 2009 to EUR
1.2 mm, resulting in profits per share of EUR 0.47 (versus EUR -0.34 during
9M 2009).
Dr. Cornelius Patt, CEO and Co-Founder of the company, summarizes: 'We
successfully managed to further increase our quarterly rate of growth
during Q3 compared to the first half of the year. We are currently
benefitting from a very low logistics cost structure which enabled us to
significantly expand our marketing budgets, resulting in this extraordinary
step-up in growth. We expect to continue upon this positive trend during Q4
2010 and consequently are raising our full year forecast to a minimum total
sales level of EUR 185 mm on the back of an EBT between EUR 2.5 mm and EUR
4.0 mm.'
zooplus AG's strategic objective is to consolidate and increase its online
leadership and to sustainably benefit from anticipated further substantial
growth within the online retail sphere. During 2010, the company clearly
prioritizes the maximization of sustainable growth over pre-tax earnings as
long as the latter remain overall positive. On the backdrop of continuously
excellent growth opportunities all across Europe the management believes
this to be the most conducive strategy towards overall value maximization
during the coming year as well.
The full financial report for the first nine months of 2010 is available
for download online under 'Investor Relations'
http://investors.zooplus.com/en/welcome/.
Company profile
zooplus was founded in 1999 and has become Europe's leading online retailer
for pet products, measured by sales and other income. In 2009 total sales
amounted to EUR 129.7 mm. Average annual growth exceeded 50% for the past
three years. The company's profitable business model has already been
introduced successfully in 17 countries. zooplus offers products for all
pet varieties as well as equine supplies. Its product range comprises foods
(dry and wet pet foods, pet food supplements such as chewing bones and
snacks) as well as pet accessories (such as cat trees and toys) over a wide
range of categories. In addition to a broad selection of over 7,000
products zooplus customers benefit from online veterinary consultations as
well as a number of other interactive features. Pet products represent a
significant market segment of the European consumer retail space. Overall
revenues from pet food and accessories amounted to EUR 18 billion within
the European Union in 2009 alone. Based on the growing trend towards
humanisation of pets in western industrialised countries, pet owners are
adapting their purchasing behavior in favour of health, wellness and other
premium products. In addition, European eCommerce is expected to enjoy
sustained, strong growth in the years to come.
Online: http://investors.zooplus.com/en/welcome/
Contact Investor Relations:
cometis AG
Henryk Deter / Dominic Großmann
Tel.: +49 (0)611-205855-15
Fax: +49 (0)611-205855-66
E-mail: grossmann(at)cometis.de
22.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: zooplus AG
Sonnenstraße 15
80331 München
Deutschland
Phone: +49 (0)89 95 006 - 100
Fax: +49 (0)89 95 006 - 500
E-mail: contact(at)zooplus.com
Internet: www.zooplus.de
ISIN: DE0005111702
WKN: 511170
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Düsseldorf, Berlin, Stuttgart
End of Announcement DGAP News-Service
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Datum: 22.11.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 32688
Anzahl Zeichen: 0
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Kategorie:
Business News
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