Zooplus AG Revises Financial Guidance for Fiscal 2020; Announces Sales Results for the First Quarter of 2020
May 07, 2020 at 06:28 pm EDT
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The Management Board of zooplus AG has decided to raise the previously forecast target for the 2020 financial year (sales growth in the range of the previous year, up by at least EUR 180 million/earnings before interest, taxes, depreciation and amortization (EBITDA) below the range of the previous year, but in a positive to neutral range). zooplus AG is currently expecting sales in the 2020 financial year to grow by EUR 225 million compared to the previous year, corresponding to a sales volume of EUR 1.75 billion. The circumstances prompting the update of the guidance compared to the target communicated on March 25, 2020 is the continuing robust demand from consumers in the pet supplies segment that the Group is recording both in the completed first quarter of 2020 and the first part of the second quarter of 2020.
On the basis of preliminary figures, the Group generated sales of EUR 440 million in the first quarter of 2020 (sales growth versus first quarter 2019: EUR 77 million, or 21%).
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 
