Zooplus AG Reports Earnings Results for the First Quarter of 2018; Provides Earnings Guidance for the Year 2018
May 17, 2018 at 11:00 am IST
Share
zooplus AG reported earnings results for the first quarter of 2018. For the quarter, the company reported With sales of EUR 323 million against EUR 257 million a year ago, the company achieved year-on-year growth of 26% (currency-adjusted: also 26%). Loss before taxes (EBT) in the first three months of 2018 reached EUR -5.5 million against earnings of EUR 3.4 million a year ago. Cash flows from operating activities developed positively and reached a level of EUR 10.0 million in the first quarter of 2018. As a result, the high level of growth could be fully financed with the operating cash flow given the further improvement in working capital.
The company's management board is forecasting sales growth of 21% to 23% for the full year of 2018 and an EBT margin based on sales ranging from +0.5% to -0.5%.
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.