Zooplus: downward trend continues

Zooplus AG aims this year to stop the pace of growth presented in 2017.

Zooplus shares have fallen to their lowest level since the beginning of February. Shares in the pet supplies retailer lost 9.4 per cent of their value to 147.70 euros and stayed at the bottom of the SDax. The price also fell below the 150-euro mark for the first time since the end of last year.

Experts believe the reasons for the downward trend lie in the higher investment in the company's growth. Zooplus came under pressure only last week as some investors parted with their shares following publication of the forecasts for the 2018 financial year.