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High sales growth benefits Zooplus shares


Going well: the company’s high revenues have been acknowledged once again by the stock exchange.

Following an interim price setback, Zooplus shares have rallied again. The positive trend is attributable primarily to the figures released for the first quarter, in which Europe's leading online pet supplies retailer achieved sales growth of 26 per cent compared with the same period last year to 323 mio euros. Double-digit growth rates were again recorded in all 30 country markets.

Board chairman Dr Cornelius Patt stressed that Zooplus will remain consistently growth-oriented in the next few quarters, focusing on consolidating its existing and new customer business.

Following publication of the quarterly figures, the share price rose by 9 per cent last Thursday. However, on Friday and at the start of this week this fell away slightly, not least due to profit taking.

|25 April 2018


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