DGAP-News: zooplus AG achieves substantial increase in sales and total sales and specifies forecast for 2012

ID: 1169523
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(businesspress24) - DGAP-News: zooplus AG / Key word(s): Quarter Results/Miscellaneous
zooplus AG achieves substantial increase in sales and total sales and
specifies forecast for 2012

12.11.2012 / 07:29


- Total sales up 28% to EUR 237.8 m (previous year: EUR 185.1 m)
- Sales rise 29% to EUR 226.8 m (previous year: EUR 176.4 m)
- Total sales forecast for 2012 raised to EUR 330 m +x (from EUR 320 m)
- EBITDA slightly negative after acceleration in growth

Munich, November 12, 2012 - zooplus AG (WKN 511170, ISIN DE0005111702,
ticker symbol ZO1), Europe's leading online retailer of pet supplies, was
able to substantially boost its total sales in the first nine months of
2012 according to its final figures. Total sales rose from EUR 185.1 m to
EUR 237.8 m compared to the previous year (+28.4%). Total sales are made up
of sales and other income. zooplus AG was able to increase its sales in the
reporting period by 28.6% to EUR 226.8 m (previous year: EUR 176.4 m). The
share of sales generated abroad rose to a disproportionately high 58%
(previous year: 53%). In addition, the company generated other income of
around EUR 10.9 m (previous year: EUR 8.7 m).

Operating earnings before interest, taxes, depreciation and amortization
(EBITDA) also improved significantly year-on-year to EUR -2.1 m compared to
EUR -7.3 m. The quarterly fall compared to the first half of 2012 (EBITDA:
EUR -0.5 m) primarily resulted from the systematic continuation of zooplus
AG's European expansion, which should allow zooplus to benefit
significantly in the medium to long term with significantly accelerated
growth. New customer acquisition achieved a new record high with 1.1
million customer accounts opened in the first nine months of 2012.

As a counterbalance to the additional direct expenses incurred from growth

and expansion (cost of sales and market expansion costs), expenses for
advertising and customer acquisition were substantially reduced in relation
to total sales compared to the previous year. This offset negative effects
in part. In addition, zooplus AG was able to achieve significant economies
of scale in relation to other important operating figures and therefore
increase its long-term earnings potential. The logistics and personnel
areas continued their positive development, while other operating expenses
rose by a disproportionately low amount compared to total sales.

In terms of assets, a reduction in current assets to EUR 53.8 m (December
31, 2011: EUR 66.2 m) led to a leaner balance sheet structure, while equity
fell slightly to EUR 33.8 m compared to EUR 35.5 m as of December 31, 2011.
This means that as of September 30, 2012, the equity ratio was around 53%
and was therefore significantly above the long-term target range of between
30% and 40%. Total assets fell to EUR 63.5 m (December 31, 2011: EUR 75.1

As Florian Seubert, CFO, commented: 'We have made substantial progress in
the year so far. The internationalization strategy of zooplus has been
pushed forward, while significant increases in efficiency have also been
realized. What also stands out is that we will substantially exceed our
growth targets for 2012. For the full year 2012, we are now anticipating
total sales of at least EUR 330 m. As previously announced for this
eventuality, we are accepting a temporary reduction in EBITDA in orderto
achieve this goal. Over the course of the year, the impact from this should
be a maximum of -1% of total sales. We are therefore aiming to achieve a
neutral EBITDA figure once again in the fourth quarter 2012. For 2013, we
are striving to generate total sales of at least EUR 400 m and a neutral or
positive EBITDA. On the back of the excellent European expansion
opportunities, achieving maximum possible sustainable growth with a view to
increasing the company's value in the long term remains top priority.'

The full report for the first nine 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 21bn 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
Dirk Ulmer
Tel.: +49 (0)611-205855-24
Fax: +49 (0)611-205855-66
E-mail: ulmer(at)cometis.de

End of Corporate News


12.11.2012 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


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
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart

End of News DGAP News-Service
192550 12.11.2012

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Date: 11/12/2012 - 01:29
Language: English
News-ID 1169523
Character count: 0
Firma: zooplus AG
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