DGAP-News: zooplus AG: Sales increase to more than EUR 1.5 bn in 2019 financial year
DGAP-News: zooplus AG
/ Key word(s): Preliminary Results
zooplus AG: Sales increase to more than EUR 1.5 bn in 2019 financial year
Munich, January 28, 2020 - Based on preliminary figures, zooplus AG (WKN 511170, ISIN DE0005111702, ticker symbol ZO1), Europe's leading online retailer of pet supplies, achieved sales of EUR 1,524 m in the 2019 financial year (2018: EUR 1,342 m). The year-on-year increase in sales amounted to EUR 182 m or 14% (currency-adjusted: 14%) and was thus in line with the guidance for the 2019 financial year of a sales growth of 14% to 18%. Sales development gained traction in the second half of the year. The fourth quarter 2019 delivered a new record with EUR 419 m in sales and an increase of EUR 51 m (Q4 2018: EUR 368 m), yielding a growth of 14% year-on-year. As the European market leader in the online retailing of pet supplies, zooplus continued on its growth path and managed to further expand its business significantly during the past financial year. Total sales were primarily driven by business with existing customers, where the currency-adjusted sales retention rate remained at a high level of 91% (2018: 95%). With 22% more new customer registrations than in the prior year, the company acquired a record level of 3.1 million new registered customers in the 2019 financial year. In the fourth quarter of 2019, the company had 823 thousand new customers. The momentum in new customer acquisitions also once again underscores zooplus' appeal to customers in the pet supplies category. The further expansion of the private label business of food and litter, which continued to perform above-average and reached a sales growth of 29%, also contributed to the increase in sales. The sales share of this high-margin product portfolio increased further to a level of 16% of food and litter sales (2018: 14%). Sales in the particularly important food and litter segment grew 16% against the previous year. The share of total sales thus further increased and reached a level of 86% in the year 2019 (2018: 85%). Dr. Cornelius Patt, CEO of zooplus, in his comments on the company's 2019 performance says: "We founded zooplus 20 years ago with the vision of becoming Europe's leading online provider of pet supplies. Today, with more than EUR 1.5 bn in sales, we are by far the number one in online retailing and now the second largest retailer in the overall European market. Thanks to a loyal existing customer base with a sales retention rate of over 90%, as well as a thriving new customer business with over 3 million new registrations, we achieved yet another year of double-digit sales growth in 2019. We continue to work on offering the most compelling and tailored customer proposition in the pet supplies category, and are further differentiating ourselves from our bricks-and-mortar and online competitors. At the same time, our sharper focus on direct marketing and customer loyalty has enabled us to stabilize the slight decline in our sales retention rate in the second half of 2019." zooplus will publish its final results for the 2019 financial year, including its outlook for the 2020 financial year, when it presents its consolidated financial statements on March 25, 2020. This information will also be made available on the company's website at http://investors.zooplus.com.
Online at: www.zooplus.de Media contact:
28.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | [email protected] |
Internet: | www.zooplus.de |
ISIN: | DE0005111702 |
WKN: | 511170 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 962009 |
End of News | DGAP News Service |
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962009 28.01.2020