DGAP-News: zooplus AG: Strong total sales growth in first quarter of 2011
(firmenpresse) - DGAP-News: zooplus AG / Key word(s): Quarter Results/Forecast
zooplus AG: Strong total sales growth in first quarter of 2011
20.05.2011 / 07:59
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- Total sales up 52% to EUR 60.6 million
- EBIT at EUR -0.4 million (previous year: EUR 0.2 million)
- Higher expenses due to logistics migration burden earnings
Munich, May 20, 2011 - zooplus AG (WKN 511170, ISIN DE0005111702, Ticker
symbol ZO1), Europe's leading pet supplies online retailer, achieved
significant growth in total sales (sales and other operating income) in the
first three months of 2011. The 52% growth to EUR 60.6 million reflects the
company's clearly focused European growth strategy, as well as specific,
favourable seasonal holiday effects (previous year: EUR 39.8 million).
Sales of around EUR 56.3 million comprised the chief proportion of total
sales in this context. Other operating income of EUR 4.4 million accounted
for the remaining portion.
As part of the migration process of the central logistics site, the company
was confronted with particular challenges as part of the start-up of
operations of its new logistics location in Hörselgau / Eisenach. Special
expenses of EUR 0.9 million were incurred in this connection. Accordingly,
operating earnings (EBIT) amounted to EUR -0.4 million, compared with EUR
0.2 million in the previous year. Consolidated net profit stood at EUR -1.0
million at the end of the period under review, following EUR 0.1 million in
the previous year. Overall, this fed through to earnings per share of EUR
-0.34 (previous year: EUR 0.04).
Florian Seubert, CFO, commented on the special effect and on performance
during the reporting period as follows: 'The approximately EUR 2.5 million
cost overshoot for the logistics migration from Staufenberg to Eisenach
that we foresee for the first half year - we were originally budgeting a
total of up to EUR 1.5 million - has prompted us to adjust our earnings
forecast for the full year from our previous breakeven to a slightly
positive figure, to a loss in the low single-digit range in millions of
euros. From today's perspective, however, these special effects will impact
only the first and second quarters of 2011. At the same time, we continue
to anticipate total sales of at least EUR 250 million in 2011, and of at
least EUR 320 million in 2012.'
The complete report for Q1 2011 can be downloaded from the company's
website at 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 2010, total sales
amounted to EUR 194 mm and, therefore, have increased fivefold during the
last 5 years. At the same time, the company generated EBIT operating
earnings of EUR 3.3 mm in 2010. The company's business model has already
been introduced successfully in 18 countries. zooplus offers products for
all pet varieties. 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 consumerretail space. Overall revenues from
pet food and accessories amounted to EUR 19 billion within the European
Union in 2010 alone. Based on the growing trend towards humanization of
pets in western industrialized countries, pet owners are adapting their
purchasing behaviour 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. zooplus expects a continuation of the
company's dynamic growth.
Online: http://investors.zooplus.com/en/welcome/
Contact Investor Relations:
cometis AG
Dominic Großmann
Tel.: +49 (0)611-205855-15
Fax: +49 (0)611-205855-66
E-mail: grossmann(at)cometis.de
End of Corporate News
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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 Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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125509 20.05.2011
Datum: 20.05.2011 - 07:59 Uhr
Sprache: Deutsch
News-ID 34157
Anzahl Zeichen: 0
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Kategorie:
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