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Zooplus reports a big loss

CEO Cornelius Patt sticks to Zooplus’ forcast for fiscal 2019.

The online retailer Zooplus has reported further negative figures. Earnings before tax (EBT) for the first nine months of the year revealed a loss amounting to 13.9 mio euros, as compared with a loss of 7.6 mio euros in the previous year. Zooplus explains that this trend is due to a higher level of investment compared with the previous year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) in the first three quarters came to 6.7 mio euros, however (same period in the previous year: -0.5 mio euros). Following publication of the latest figures the share price dropped significantly.

As already reported in October, sales revenues at Zooplus in the first nine months of the year totalled 1.104 bn euros (same period in the previous year: 974 mio euros). This equates to growth of 13 per cent compared with the corresponding period last year. The rate of sales growth over the first three quarters of the fiscal year increased slightly and reached 14 per cent in the third quarter.

Against the background of the business trend expected in the course of the year, the Zooplus board confirmed its forecast for fiscal 2019 of sales revenue growth of 14 to 18 per cent and earnings before interest, tax, depreciation and amortisation (EBITDA) ranging between 10 and 30 mio euros.

|19 November 2019 | 11:41


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