DGAP-News: zooplus AG: Total sales grow 37% in first nine months of 2011

ID: 1058453
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(businesspress24) - DGAP-News: zooplus AG / Key word(s): Quarter Results/Miscellaneous
zooplus AG: Total sales grow 37% in first nine months of 2011

18.11.2011 / 07:54


- Total sales up 37% to EUR 185.1 million
- EBIT and consolidated net profit report further significant improvement
in Q3 2011 compared with first half-year following conclusion of logistics
- Total sales of more than EUR 250 million expected in current financial
year, and at least EUR 320 million next year

Munich, November 18, 2011 - zooplus AG (WKN 511170, ISIN DE0005111702,
Ticker symbol ZO1), Europe's leading pet supplies online retailer, boosted
its total sales (sales plus other operating income) to EUR 185.1 million in
the first nine months of 2011, compared with EUR 135.3 million last year.
This primarily reflects the company's successful international growth
strategy. Both sales of EUR 176.4 million and other operating income of EUR
8.7 million contributed to these total sales. The company takes a positive
view of the future, and continues to anticipate at least EUR 250 million of
total sales for the full 2011 year - despite the challenges posed by the
logistics migration during the first half of 2011.

The operating result (EBIT) stood at EUR -7.8 million in the first nine
months of 2011, which is significantly below the previous year's figure of
EUR 2.1 million. This was mainly due to higher expenses occurred from the
switch to the new main logistics site in the first half of 2011. There was
nevertheless a marked improvement in EBIT in the third quarter of 2011 - in
line with 14% higher total sales - which was up from EUR -5.1 million to
EUR -1.5 million compared to Q2 2011. The consolidated net profit amounted
to EUR -5.9 million in the reporting period, compared with EUR 1.1 million

in the previous year. This results in EUR -1.06 of earnings per share in
the first nine months of 2011, compared with EUR 0.22 in the previous
year's period.

Florian Seubert, CFO of zooplus AG, expressed his optimism: 'The
successfully commissioned new logistics centre represents a milestone from
where we will continue to pursue our growth strategy in Europe at a rapid
pace. With an enhanced sales capacity of more than EUR 400 million a year,
we have created an outstanding basis from which to achieve our growth
objectives.' He went on to add: 'We anticipate at least EUR 250 million of
total sales for 2011, and at least EUR 320 million by 2012. While we are
expecting, from today's perspective, to incur an after-tax loss
approximately in the mid-single-digit range in millions of euros for the
full 2011 year as a result of the logistics migration that we concluded in
the second quarter, we anticipate that we will again generate an overall
positive pre-tax result by as early as next year while maintaining a
continuation of our strong growth momentum. The capital increase of up to
around EUR 20 million that is planned for December 2011 will contribute to
our further expansion and will strengthen our equity base.'

The full report for the first nine months of 2011 can be downloaded from
the company's website at www.zooplus.de in the 'Investor Relations' area.

Company profile:

zooplus was founded in 1999, and is today's leading European Internet pet
food retailer when measured in terms of both sales and total sales. Total
sales amounted to around EUR 194 millionin 2010, having risen fivefold
over the last five years. The business model has been launched successfully
in 18 European countries to date. zooplus distributes products for all
important domestic pet species. In particular, the product range includes
pet food (dry and wet food, as well as food supplements), and accessories
such as scratching posts, dog baskets and pet toys in all price categories.
Along with a selection of more than 7,000 products, zooplus customers also
benefit from a large number of interactive content and community services.
The pet food market comprises an important market segment within the
European retail landscape. More than EUR 19 billion of sales were generated
in the European Union with pet food and accessory products in 2010. Due to
the advancing 'humanisation' of pets in Western industrial countries, pet
owners' spending patterns are shifting increasingly towards health,
wellness and other premium products. The European e-commerce area is also
expected to continue to report strong growth. zooplus anticipates a
continuation of its dynamic growth as a consequence.

On the Internet at: www.zooplus.de

Investor relations contact:
cometis AG
Dominic Grossmann / Tobias Eberle
Tel.: +49 (0)611-205855-15
Fax: +49 (0)611-205855-66
E-mail: grossmann(at)cometis.de

End of Corporate News


18.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de


Language: English
Company: zooplus AG
Sonnenstraße 15
80331 München
Phone: +49 (0)89 95 006 - 100
Fax: +49 (0)89 95 006 - 500
E-mail: contact(at)zooplus.com
Internet: www.zooplus.de
ISIN: DE0005111702
WKN: 511170
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart

End of News DGAP News-Service
146874 18.11.2011

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Date: 11/18/2011 - 01:54
Language: English
News-ID 1058453
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Firma: zooplus AG
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