Zooplus AG Announces Earnings Results for the First Half of 2017; Provides Earnings Guidance for the Full Year of 2017
August 22, 2017 at 06:30 am
Share
zooplus AG announced earnings results for the first half of 2017. For the period, the company reported sales increase 21% to EUR 517 million the company was able to achieve year-over-year growth of 21% compared to EUR 428 million a year ago. Currency-adjusted sales growth was 22%. The key growth driver, above all, was the sustainable business with existing customers. This was made evident by the sales retention rate, which in the first half of 2017 again reached a very high level of 94% on a currency-adjusted basis. Earnings before taxes (EBT) in the first half of 2017 were at the previous year's level and reached EUR 5.1 million compare to EUR 5.1 million a year ago. Positive free cash flow of EUR 7.4 million compared to EUR 8.7 million a year ago. Other operating income, which primarily consists of advertising cost subsidies from suppliers, increased in the first half of 2017 allowing the total margin to reach a level of 29.3% compared to 29.6% million a year ago.
The management board of the company confirms the full-year 2017 forecast for sales of at least EUR 1,125 million and EBT in the range of EUR 17 million to EUR 22 million.
Zooplus AG, also known as zooplus.de, is a Germany-based retailer of pet supplies. The Company markets products mainly through their online stores. It offers over approximately 8000 products, including dry and wet pet food and food supplements, accessories, including toys, care products, and hygiene products, scratching posts, dog baskets. The Company sells food and accessories for dogs, cats, small animals, birds, reptiles, fish and horses and delivers the goods to approximately20 countries. It also provides a range of free content and information accessible through Websites, such as veterinary and other animal-related advice, as well as interactive features, such as discussion forums and blogs.
ZOOPLUS SE 
