zooplus AG: Sales increase by 24% in the first quarter of 2017(PresseBox) ( Munich, )
• Sales in the first quarter rise 24% to EUR 257 m (Q1 2016: EUR 208 m)
• Company confirms 2017 full-year sales forecast of at least EUR 1,125 m
zooplus AG (WKN 511170, ISIN DE0005111702, ticker symbol ZO1), Europe’s leading online retailer of pet supplies, continued its growth trend in the first three months of 2017 and, based on preliminary figures, generated sales of EUR 257 m. This is equivalent to an absolute rise of EUR 49 m and a percentage increase of 24% over the previous year (Q1 2016: EUR 208 m). The increase in sales on a currency adjusted basis was 25% over the previous year.
The growth driver in the quarter was once again the pet food segment, which is a particularly important segment for the Company’s sustainable growth. Sales in this segment increased 26% 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.
Dr. Cornelius Patt, CEO of zooplus AG, in his comments on the positive development in the first quarter stated: "With year-on-year sales growth of 24% in the first quarter, we were able to maintain our growth at a high level and thereby within the scope of our expectations. 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 website at http://investors.zooplus.com.