zooplus strongly increases H1 2010 total sales and earnings(PresseBox) ( Munich, )
- Total sales H1 2010 at 85.1 mm + 25.8 mm y-o-y = +44% p.a.
- Total sales H1 2010 vs. H1 2008 + 48.6 mm = +53% p.a.
- EBIT increases strongly to 1.1 mm (previous year: -0.7 mm)
- Net earnings up at 0.7 mm (previous year: -0.6 mm)
- Confirmation of ambitious FY 2010 outlook
zooplus AG (WKN 511170, ISIN DE0005111702, ZO1), Europe's leading internet retailer for pet supplies has achieved a strong increase in both total sales and earnings during H1 2010.
Total sales of EUR 85.1 mm were up 44% y-o-y from EUR 59.3 mm during H1 2009. Total sales for the first six months of the year consisted of EUR 77.3 mm of retail sales and another EUR 7.8 mm in other operating income.
The company's EBIT of EUR 1.1 mm was up strongly from EUR -0.7 mm during H1 2009 despite incurring additional fixed costs in relation with the opening of its new international logistics hub. The latter will help to expand and effectively double the company's total capacity to EUR 300 mm in annual sales. Net profit was up significantly as well from EUR -574k in H1 2009 to EUR 687k, resulting in profits per share of EUR 0.27 (versus EUR -0.24 during H1 2009).
In the words of Dr. Cornelius Patt, CEO and Co-Founder of the company: "The results of the first six months of the year underpin the sustainability and underlying strength of our growth strategy. We were able to significantly increase total sales, while simultaneously raising our net profit. With our new international logistics hub we are right on track for further expansion in the future. Benefitting from a much higher visibility into 2010 we explicitly reiterate our ambitious sales and earnings forecasts for 2010."
zooplus AG's medium-term objective is to consolidate and increase its online leadership and to sustainably benefit from anticipated further substantial growth within the online retail sphere.
The full financial report for the first six months of 2010 is available for download online under "Investor Relations" http://investors.zooplus.com/en/welcome/.