Zooplus AG Reports Earnings Result for the Third Quarter and First Nine Months of Financial Year 2018; Confirms Earnings Guidance for the Full-Year 2018
November 14, 2018 at 01:30 am EST
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zooplus AG reported earnings result for the third quarter and first nine months of financial year 2018. For the nine months, the company reported sales increase 23% to EUR 974 million compared to EUR 795 million for the same period a year ago. Sales growth was driven by a very high level of customer loyalty, which improved even further in the third quarter. The LBT amounted to EUR 7.6 million overall in the first nine months of 2018 compared to EUR 4.2 million for the same period a year ago, due to the stronger investment focus in the first half of 2018.
As a result of the improvement in the gross margin and better cost efficiency, positive earnings before taxes of EUR 1.6 million was achieved in the third quarter, which represents a sharp increase of EUR 5.3 million versus the second quarter of 2018. Overall sales in the third quarter are only 19% above the level of 2017.
Based on the current business development, the management Board confirms both the full-year 2018 sales growth forecast of 21% to 23% in comparison to the prior year. The company expects earnings being neutral, in fact, neutral with the range of plus 0.5% or minus 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.
Zooplus AG Reports Earnings Result for the Third Quarter and First Nine Months of Financial Year 2018; Confirms Earnings Guidance for the Full-Year 2018
ZOOPLUS SE 
