{"id":20329,"date":"2017-08-22T17:47:04","date_gmt":"2017-08-22T15:47:04","guid":{"rendered":"https:\/\/wordpress-783423-2671269.cloudwaysapps.com\/?p=20329"},"modified":"2025-01-29T13:23:33","modified_gmt":"2025-01-29T12:23:33","slug":"august-22-2017-zooplus-ag-growth-trend-continues-in-the-first-half-of-2017","status":"publish","type":"post","link":"https:\/\/www.cometis.de\/en\/august-22-2017-zooplus-ag-growth-trend-continues-in-the-first-half-of-2017\/","title":{"rendered":"<span id=\"2017\" class=\"Postdate\">August 22, 2017<\/span> | zooplus AG: Growth trend continues in the first half of 2017"},"content":{"rendered":"<style>\n.zur\u00fcckbutton:before {\n    display: inline-block;\n    font-family: \"ETmodules\";\n    content: \"4a\";\n    color: #00225f;\n    margin-right: 7px;\n}\n.zur\u00fcckbutton:hover:before {\n    display: inline-block;\n    font-family: \"ETmodules\";\n    content: \"4a\";\n    color: #d85710;\n    margin-right: 7px;\n}\n<\/style>\n<h1 style=\"text-align: justify;\">Corporate news<\/h1>\n<p> <a class=\"zur\u00fcckbutton\" href=\"https:\/\/cometis.de\/en\/publication-archive-zooplus-ag\">to the archive<\/a><\/p>\n<h1>zooplus AG: Growth trend continues in the first half of 2017<\/h1>\n<ul>\n<li>Sales increase 21% to EUR 517 m<\/li>\n<li>EBT at previous year\u2019s level of EUR 5.1 m<\/li>\n<li>Positive free cash flow of EUR 7.4 m<\/li>\n<li>Full-year 2017 sales and earnings forecast confirmed<\/li>\n<\/ul>\n<p><strong>Munich, August 22, 2017<\/strong> \u2013 zooplus AG (WKN 511170, ISIN DE0005111702, ticker symbol ZO1), Europe\u2019s leading online retailer of pet supplies, continued its growth trend in the first half of 2017. With sales of EUR 517 m, the company was able to achieve year-over-year growth of 21% (H1 2016: EUR 428 m). Currency-adjusted sales growth was 22%. The key growth driver, above all, was the sustainable business with existing customers. This was made evident by the sales retention rate, which in the first half of 2017 again reached a very high level of 94% on a currency-adjusted basis.<br \/>\nEarnings before taxes (EBT) in the first half of 2017 were at the previous year\u2019s level and reached EUR 5.1 m (H1 2016: EUR 5.1 m).<br \/>\nDue to the persistent, very intense competitive environment, the gross margin in the first half of 2017 reached a level of 24.5%, which was slightly below the gross margin reported in the first six months of the 2016 financial year (H1 2016: 24.9%). Other operating income, which primarily consists of advertising cost subsidies from suppliers, increased in the first half of 2017 allowing the total margin to reach a level of 29.3% (H1 2016: 29.6%).<br \/>\nThe total cost of marketing, logistics, payment, personnel, administration, depreciation, amortization and interest as a percentage of sales in the first half of 2017 improved versus the previous year and reached a level of 28.3% (H1 2016: 28.4%). The cost ratio in the first half of 2017 was impacted by ramp-up costs for the fulfillment center in Antwerp, which commenced operations at the end of 2016, and for the local fulfillment center in Birmingham, which opened in March of 2017. Targeted investments were also made in the first six months of the current financial year in order to increase IT development capacity for the continued expansion of zooplus\u2019s IT platform in full consideration of the company\u2019s further growth and differentiation versus competitors.<br \/>\nGrowth in the first half-year could once again be fully financed from operating cash flow. Free cash flow in the first six months of the 2017 financial year amounted to EUR 7.4 m (H1 2016: EUR 8.7 m).<br \/>\nDr. Cornelius Patt, CEO of zooplus AG, commented: &#8220;For the first time in a half-year period, we have achieved sales of more than EUR 500 m. This demonstrates that we are consistently following our long-term oriented growth strategy. In the upcoming quarters, the focus of our activities in the intensely competitive market environment will be to continue to expand our excellent strategic market position and further enhance our product offer. High sales growth will continue to be at the forefront in order to fully exploit the market\u2019s potential and drive future profitability.&#8221;<br \/>\nBased on the business development in the first half of 2017, the Management Board of zooplus AG confirms the full-year 2017 forecast for sales of at least EUR 1,125 m and EBT in the range of EUR 17 m to EUR 22 m.<br \/>\nThe full report for the first half of 2017 is available on the company\u2019s website at http:\/\/investors.zooplus.com.<br \/>\nCompany profile:<br \/>\nzooplus AG was founded in 1999 and today is Europe\u2019s leading online retailer for pet supplies measured by sales. In the 2016 financial year, sales totaled EUR 909 m, roughly 74% of which was generated internationally. The company\u2019s business model has been launched successfully in 30 European countries. zooplus sells products for all major pet breeds. The product range includes pet food (dry and wet food and food supplements) and accessories such as scratching posts, dog baskets, and toys in all price categories. In addition to a selection of over 8,000 products, zooplus customers benefit from a variety of interactive content and community offerings. The pet supplies market is an important market segment in the European retail landscape. Gross sales of pet food and accessories within the European Union amount to around EUR 26 bn. Based on the continued vigorous growth anticipated in the European ecommerce market, zooplus expects its dynamic performance to continue.<\/p>\n<p>Online at: www.zooplus.com<\/p>\n<p>Investor relations\/media contact:<br \/>\ncometis AG<br \/>\nGeorg Grie\u00dfmann<br \/>\nUnter den Eichen 7<br \/>\n65195 Wiesbaden<br \/>\nPhone: +49 (0)611-205855-61<br \/>\nFax: +49 (0)611-205855-66<br \/>\nEmail: griessmann@cometis.de<br \/>\nWebsite: www.www.cometis.de<\/p>\n<div class=\"leseprobe-archiv\"><a title=\"Post as PDF\" href=\"http:\/\/investors.zooplus.com\/downloads\/e_CN_zooplus_H1_2017_170822.pdf\" target=\"_blank\" rel=\"noopener\">Post as PDF<\/a><\/div>\n<style>\n.leseprobe-archiv {\n    color: #00225f !important;\n    border-color: #00225f;\n    position: relative;\n    padding: 0.3em 1em;\n    border: 1px solid;\n    -webkit-border-radius: 3px;\n    -moz-border-radius: 3px;\n    border-radius: 3px;\n   -webkit-transition: all 0.2s;\n    -moz-transition: all 0.2s;\n    transition: all 0.2s;\n    padding:10px;\n    width: 19%;\n    text-align: center;\n    margin-right: 10px;\n    float:left;\n}\n.leseprobe-archiv:hover {\n    background-color: #eee;\n    border-color: #ffffff;\n    cursor: pointer;\n}\n<\/style>\n","protected":false},"excerpt":{"rendered":"<p>Corporate news to the archive zooplus AG: Growth trend continues in the first half of 2017 Sales increase 21% to EUR 517 m EBT at previous year\u2019s level of EUR 5.1 m Positive free cash flow of EUR 7.4 m Full-year 2017 sales and earnings forecast confirmed Munich, August 22, 2017 \u2013 zooplus AG (WKN [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":98872,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90,132],"tags":[151],"class_list":["post-20329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-zooplus-ag-corporate-news-en","tag-151"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.4) - 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