Zooplus AG Reports Earnings Results for the First Half of 2018; Provides Earnings Guidance for the Second Half-Year and Full Year of 2018
August 22, 2018 at 01:30 am EDT
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zooplus AG reported earnings results for the first half of 2018. Sales of EUR 643 million, growth of 24% (currency-adjusted: 25%) was achieved compared to the same period of the previous year (H1 2017: EUR 517 million). Sales growth in the first six months of 2018 continued to reach double-digit levels in all 30 regional markets driven by the continued very high level of loyalty from existing customers along with a steady increase in new customers. The sales retention rate adjusted for currency effects in the first half of 2018 reached 94%, while the number of registered new customers increased 16% compared to the same period of the previous year. Loss before taxes amounted to EUR 9.2 million compared to income of EUR 5.1 million a year ago. Operating cash flow in the first half of 2018 reached a positive level of EUR 8.0 million. The strong growth coupled with a higher level of investment was again financed by operating cash flow based on further improvements in working capital.
For the full year 2018, based on the current business development and the significant improvement in earnings anticipated in the second half of the year, the Management Board confirms both the sales growth target of 21% to 23% compared to the previous year and an EBT margin in the range of +0.5% to -0.5% based on sales.
In the second half-year, the Management Board expects a significant improvement in earnings coming from seasonal effects, a positive development in the gross margin and increased cost efficiency.
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 
