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Zooplus sets high growth targets

Board chairman Dr Cornelius Patt expects a positive result in 2021.

Europe's leading online retailer of pet products, Zooplus AG, aims to continue on its growth path next year. As board chairman Dr Cornelius Patt explained at the virtual Capital Markets Day on 17 November, the company expects sales of between 2.04 and 2.14 mio euros in the coming year.
 
Compared with this year, Patt is predicting growth of between 250 and 350 mio euros for 2021. This would equate to sales growth of between 14 and 20 per cent. As far as earnings before interest, taxes, depreciation and amortisation (EBITDA) goes, Zooplus assumes further improvement in this. The online retailer forecasts earnings of around 58 mio euros for this year and an EBITDA of between 40 and 80 mio euros for 2021.
 
Zooplus appears to have convinced the brokers of the company's prospects of further growth. Its share price rose by 7 per cent to 160 euros on 17 November.




|19 November 2020 | 11:15

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