Zooplus AG Announces Earnings Results for the Financial Year 2017; Provides Earnings Guidance for the Year 2018
March 22, 2018 at 02:30 am EDT
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zooplus AG announced earnings results for the financial year 2017. For the year, the company reported group sales rose by 22.2% year-on-year to EUR 1,110.6 million and significantly surpassed a level of more than EUR 1 billion for the first time. Sales in absolute terms increased by EUR 202 million. Adjusted for currency effects, sales growth equaled 22.8%. The company continued to operate profitably in the 2017 financial year, generating earnings before taxes (EBT) of EUR 4.1 million. As a result of the higher investments in attractive pricing, marketing, logistics and IT, EBT in the reporting year was lower than the prior year's level of EUR 17.9 million. With cash flows from operating activities in the past financial year of EUR 3.3 million compared to EUR 12.5 million a year ago, the company again demonstrated the ability of its operating business to generate the resources required for the company's high growth.
Management Board of company is forecasting sales growth of between 21% and 23% for the 2018 financial year and earnings before taxes (EBT) as a percentage of sales in the range of -0.5% to 0.5%, in light of the company's plans to continue focusing strongly on investments.
Zooplus AG, also known as zooplus.de, is a Germany-based retailer of pet supplies. The Company markets products mainly through their online stores. It offers over approximately 8000 products, including dry and wet pet food and food supplements, accessories, including toys, care products, and hygiene products, scratching posts, dog baskets. The Company sells food and accessories for dogs, cats, small animals, birds, reptiles, fish and horses and delivers the goods to approximately20 countries. It also provides a range of free content and information accessible through Websites, such as veterinary and other animal-related advice, as well as interactive features, such as discussion forums and blogs.