Zooplus AG Announces Sales Results for the Third Quarter and Nine Months of 2016; Provides Sales Guidance for the Full Year of 2016
October 20, 2016 at 01:30 am EDT
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zooplus AG announced sales results for the third quarter and nine months of 2016. The company continued to grow sales at an elevated level in the third quarter of 2016 and further expanded its leadership position in the European market for online pet supplies. Sales in the third quarter were 28% higher at EUR 227 million compared with EUR 178 million for the same period a year ago. Sales in the pet food segment, an area particularly important for sustainable growth, recorded another substantial increase of 31% in the third quarter of 2016. The percentage share of pet food sales to total sales was 82% in the third quarter.
The rise in sales for the first nine months of 2016 was 28% for a total of EUR 655 million compared with EUR 511 million for the same period a year ago. Currency-adjusted growth in 2016 for both the third quarter and full nine months was 30% year-on-year. Sales in the pet food segment, an area particularly important for sustainable growth, recorded another substantial increase of 32% in the first nine months of 2016. The percentage share of pet food sales to total sales was 82% in the first nine months.
The company provided sales guidance for the full year of 2016. Based on the company's year-to-date performance, the management board confirms its sales forecast of at least EUR 900 million for the full year of 2016.
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.
ZOOPLUS SE 