Zooplus AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year 2017
November 15, 2017 at 01:30 am EST
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zooplus AG reported earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, sales were EUR 278 million, sales in the third quarter grew 22% compared to the same period of the prior year.
For the nine months, sales was EUR 795 million against EUR 655 million. Sales growth in the third quarter of 2017 compared to the second quarter of 2017 accelerated again significantly. Earnings before taxes reached a level of EUR 4.2 million against EUR 11.1 million a year ago. Operating cash flow reached a positive value of EUR 1.5 million against EUR 9.6 million a year ago.
The company confirmed its forecast updated in September 2017 for the full 2017 financial year for sales of around EUR 1.125 billion and earnings before taxes in the single-digit millions. The company announced that it have the confidence of the guidance for the full year that it will maintain profitability and for the full year of 2017.
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 
