German online pet food retailer continues growth
Based on preliminary figures, zooplus generated sales of EUR257 million.
Germany-based zooplus AG, a European online retailer of pet food, continued its growth trend in the first three months of 2017, according to a company press release. Based on preliminary figures, zooplus generated sales of EUR257 million. This is equivalent to an absolute rise of EUR49 million and a percentage increase of 24 percent over the previous year’s first quarter sales, which were EUR208 million.
The increase in zooplus sales on a currency adjusted basis was 25 percent over the previous year. The growth driver in the quarter was the pet food segment. Sales in this segment increased 26 percent in the first quarter of 2017. Sales growth was achieved in all 30 countries in the zooplus AG portfolio with each country reporting another quarter of double-digit sales growth. Zooplus has a 2017 full-year sales forecast of at least EUR1,125 million.
"With year-on-year sales growth of 24 percent in the first quarter, we were able to maintain our growth at a high level and thereby within the scope of our expectations,” said Cornelius Patt, CEO of zooplus AG, in a press release. “We will continue to focus our efforts on expanding our sales base and further strengthening our market position throughout the course of the year."
Zooplus will publish the full first quarter 2017 report on May 18, 2017 and make it available on the company’s investors website.
History of zooplus sales
In the 2016 financial year, sales totaled EUR909 million, roughly 74 percent of which was generated internationally, outside of Germany. The company’s business model has been launched in 30 European countries. The product range on zooplus AG includes dry and wet pet food and food supplements, along with accessories such as scratching posts, dog baskets, and toys in all price categories. Zooplus carries more than 8,000 products.