DGAP-News: zooplus AG / Key word(s): Final Results/Miscellaneous
zooplus AG: 33% growth during FY 2011
30.03.2012 / 07:45
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- Total sales up EUR 63.5 mm over the previous year
- 2011 ends with positive fourth quarter EBIT
- Consolidated FY 2011 net loss within guidance range
- FY 2012 forecast: Total sales of over EUR 320 mm and positive operating
result
Munich, March 30, 2012 - zooplus AG (WKN 511170, ISIN DE0005111702, ticker
symbol ZO1), Europe's leading online retailer of pet supplies, is today
publishing its final results for the financial year 2011. Total sales rose
by 33% to EUR 257.1 mm (previous year: EUR 193.6 mm), of which EUR 12.3 mm
was attributable to other operating income (previous year: EUR 15.8 mm).
Earnings before interest and taxes (EBIT) totaled around EUR -7.6 mm
(previous year: EUR 3.3 mm), although a positive EBIT was achieved during
the fourth quarter 2011 after the completion of the company's logistics
migration. The company's operating result before interest, taxes,
amortisation and depreciation (EBITDA) was recorded at EUR -6.8 mm
(previous year: EUR 3.9 mm). The consolidated loss after taxes came in
within expectations at EUR -6.0 mm (previous year: EUR 2.0 mm) within a
negative single-digit million range.
The consolidated loss for 2011 primarily reflects expenses incurred during
H1 2011 for the by now completed development of the new Eisenach-Hörselgau
logistics hub, which substantially boosts zooplus' operating capacity to
over EUR 400 mm in annual sales. After the completed integration of the new
site, zooplus was again able to record a positive EUR 0.2 mm EBIT in Q4
2011. As part of a strong sales growth to EUR 244.8 mm (previous year: EUR
177.8 mm), zooplus was also able to achieve a new record in terms of new
customer acquisitions during the past financial year: Over 1.2 million new
customer accounts were opened across Europe.
zooplus AG's financing structure was significantly strengthened by the
successfully completed December 2011 capital increase with gross proceeds
of around EUR 19.7 mm. The company's equity ratio therefore increased to
47.3% as of December 31, 2011 (previous year: 36.3%). The proceeds from the
capital increase are designated to drive zooplus' further international
expansion.
Dr. Cornelius Patt, CEO of zooplus AG, emphasizes the company's growth
strategy: 'Online retail continues to grow at a rapid pace within the
European pet supplies market. As online market leader across all important
European markets, we will significantly benefit from this trend. European
growth and the expansion of our market leadership therefore remain our top
priority. For 2012, we are expecting to increase total sales from EUR 257
mm to at least EUR 320 mm as well as to cross the EUR 400 mm barrier in
2013. Under this scenario we also seek to at least achieve a neutral
operating result (EBITDA) in both years.'
The full Annual Report 2011 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 257 mm and has therefore increased
seven-fold during the last five years. The company's business model has
already been introduced successfully in 20 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 19 billion 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@cometis.de
End of Corporate News
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Language: English
Company: zooplus AG
SonnenstraÃe 15
80331 München
Germany
Phone: +49 (0)89 95 006 - 100
Fax: +49 (0)89 95 006 - 500
E-mail: contact@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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163122 30.03.2012
DGAP-News: zooplus AG: 33% growth during FY 2011
| Source: EQS Group AG