Zooplus AG Reports Sales Results for the Third Quarter and Nine Months of 2018; Confirms Sales Guidance for the Year 2018
October 17, 2018 at 01:30 am EDT
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zooplus AG reported sales results for the third quarter and nine months of 2018. The company's sales in the third quarter increased by 19% year-on-year (currency-adjusted: 20%) to EUR 331 million against EUR 278 million a year ago, in a generally weaker retail environment. Double-digit growth rates were achieved again in all 30 regional markets.
The company reported sales in the first nine months of 2018 of EUR 974 m based on preliminary figures, which is equivalent to an increase of EUR 179 million for year-on-year growth of 23% from the previous year sales of EUR 795 million. Sales growth on a currency-adjusted basis also amounted to 23%. Sales growth was driven by a very high level of customer loyalty, which increased again in the third quarter, reaching a new record level with a sales retention rate of a currency-adjusted 95%. The number of registered new customers increased 8% in the first nine months of 2018. The lower increase in new customers resulted from the sharp increase recorded in the same period of the previous year and a special focus on business with long-term pet food customers.
The company confirmed the 2018 full-year forecast for planned sales growth in the range of 21% to 23%.
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.