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Zooplus sticks with its annual forecast

"We are still on a growth course and have expanded our leading market position in Europe", emphasizes Dr. Cornelius Patt, CEO of Zooplus.

Europe's leading online retailer of pet products, Zooplus AG, generated sales revenues of 1.1 bn euros in the first nine months of the year, according to reporting based on provisional figures.

Adjusted for currency effects, this equates to growth of 130 mio euros or 13 per cent compared with the previous year. However, in the same period of the previous year, growth increased by 23 per cent compared with the first nine months of 2017.

Third-quarter sales rose by 47 mio euros to 378 mio euros (Q3 2018: 331 mio euros). At 14 per cent (with currency adjustment: 14 per cent) the growth rate is one percentage point up on the comparable value in the first six months of this year.

Zooplus states that the existing customer base accounts for the bulk of overall sales. The number of new customers registered in the first nine months increased by 25 per cent compared with the previous year. The company, which operates exclusively online, says it will now focus on activating its new clientele and converting them into loyal core customers against the backdrop of the effects of the 2018 General Data Protection Regulation.

In view of the expected sales trend during the rest of the year, the board confirms its forecast of a sales growth rate of 14 to 18 per cent for the 2019 financial year as a whole.

|17 October 2019 | 12:02


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