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24 per cent growth for Zooplus

Zooplus

Online pet product retailer Zooplus increased its sales in the first quarter by 24 per cent compared with the same time last year to € 257 mio. In addition to the continued expansion of the customer base in all countries, the company cites a high level of customer loyalty, generating a high repeat sales rate, as an important reason for this development.

Earnings before tax (EBT) came to € 3.4 mio, equivalent to growth of € 0.5 mio. Due to further growth in the food business, the gross profit margin fell further to 25.3 per cent as compared with 25.6 per cent in the same quarter of the previous year. However, Zooplus stresses that the total margin from gross profit and other operating income at 29.9 per cent remained at the level of the previous year.

Zooplus has invested heavily in recent months. Its logistics site in Antwerp was commissioned in the fourth quarter of 2016, and a fulfilment centre in Birmingham was launched in the quarter under review. Another focus of investment that will impact costs, according to the company, is the addition of extra IT development capacity.

The forecast for the year as a whole with sales revenues of at least € 1.12 bn was confirmed. With regard to EBT, a result of between € 17 and 22 mio is expected.

|19 May 2017


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