DGAP-News: zooplus AG: Strong H1 2012 sales and total sales growth

ID: 1143396
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(businesspress24) - DGAP-News: zooplus AG / Key word(s): Half Year Results/Miscellaneous
zooplus AG: Strong H1 2012 sales and total sales growth

20.08.2012 / 07:30

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- Significant acceleration in growth during the second quarter
- Sales of EUR 145.5 m generated (previous year: EUR 112.3 m)
- Total sales at EUR 152.3 m (previous year: EUR 118.7 m)
- EBITDA at EUR -0.5 m (previous year: EUR -6.0 m)

Munich, August 20, 2012 - zooplus AG (WKN 511170, ISIN DE0005111702, ticker
symbol ZO1), Europe's leading online retailer of pet supplies, was able to
substantially improve its total sales during the first half of 2012.
Compared year-on-year, total sales rose by 28.4% from EUR 118.7 m to EUR
152.3 m. Total sales consist of sales and other income. In the same period,
zooplus AG generated sales of EUR 145.5 m, an increase of 29.6% compared
over the previous year's EUR 112.3 m. In addition, the company generated
other income of around EUR 6.8 m (previous year: EUR 6.4 m). The operating
result also improved significantly.

In addition to the opening up of new geographical markets the increased
growth momentum, particularly during the second quarter of 2012, was
attributable to a stronger penetration of existing markets. Although a more
attractive overall pricing structure impacted the cost-of-materials-ratio,
it also allowed for a substantial reduction in advertising and customer
acquisition spending year-on-year. This also resulted in a significant
increase in the number of new customers acquired during the period. At the
same time, operating costs such as logistics and personnel expenses showed
significantly positive economies of scale. Other operating expenses also
increased at a considerably lower rate than total sales growth during the
period.

Earnings before interest, tax, depreciation and amortization (EBITDA)


improved significantly to EUR -0.5 m compared to EUR -6.0 m during the
previous year. The consolidated net result also improved markedly, coming
in at EUR -0.7 m (previous year: EUR -4.8 m). The significant costs of
migrating zooplus' central warehouse during the previous year should be
taken into account when considering this figure. The slight fall in EBITDA
and the consolidated net result in comparison with the first quarter 2012
is largely attributable to a modified pricing strategy which negatively
impacted in the short term but is expected to lead to a substantially
improved new customer acquisition performance in tune with significantly
lower direct marketing spendings in the long term. These effects are
expected to be highly beneficial overall long term. The company reported
earnings per share of EUR -0.11 compared to EUR -0.85 in the previous year.

In terms of assets, a reduction in current assets to EUR 52.7 m (December
31, 2011: EUR 66.2 m) led to a leaner balance sheet structure, while equity
fell slightly from EUR 35.5 m at the end of 2011 to EUR 35.2 m. This means
that as of June 30, the company's equity ratio of 57% was significantly
above the long-term target range of between 30% and 40%. Total assets fell
to EUR 61.7 m (December 31, 2011: EUR 75.1 m).

Florian Seubert, CFO, is pleased with the company's development during the
period: 'Overall, we are satisfied with our performance in the first half
of 2012. Particularly during Q2 we were able to realize the potential of
our new logistics infrastructure on the back of strong overall growth as
well as further notable improvements in efficiency across the board. In the
current and next financial year, we are aiming to achieve total sales of at
least EUR 320 m and EUR 400 m respectively. In both years, we are aiming
for a positive EBITDA, although we continue to prioritize maximum sales
growth over earnings maximization. This we strongly believe to be the most
value-creating strategy overall.'

The full report for the first six months of 2012 is available for download
at the website www.zooplus.de in the 'Investor Relations' section.


Company profile:
zooplus was founded in 1999 and has established itself as Europe's leading
online retailer for pet products, measured by sales and total sales. In
2011, the latter amounted to EUR 257m and has therefore increased
seven-fold during the last five years. The company's business model has
already been introduced successfully in 22 European countries. zooplus
offers products for all pet varieties. Its product range comprises foods
(dry and wet pet foods as well as pet food supplements) and pet accessories
(such as cat trees, dog baskets and toys) in all price categories. In
addition to a selection of over 8,000 products, zooplus customers benefit
from a range of interactive online content and community features. Pet
supplies is a key market segment within the European retail landscape. In
2011, sales of more than EUR 19bn were recorded within the pet supplies
industry in the European Union. The ongoing 'humanization' of pets in key
industrialized countries means that pet owners' purchasing behavior is
undergoing profound change and moving towards healthcare, wellness and
other related premium products. In addition, continued strong growth is
expected for eCommerce in Europe per se. zooplus is therefore anticipating
continued dynamic growth for the future.

Online at: www.zooplus.de

Investor relations contact:
cometis AG
Henryk Deter / Dirk Ulmer
Tel.: +49 (0)611-205855-24
Fax: +49 (0)611-205855-66
E-mail: ulmer(at)cometis.de


End of Corporate News

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20.08.2012 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

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Language: English
Company: zooplus AG
Sonnenstraße 15
80331 München
Germany
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
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart


End of News DGAP News-Service
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182094 20.08.2012



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Date: 08/20/2012 - 01:30
Language: English
News-ID 1143396
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