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ER - zooplus AG: Burda increases holdings to 50.04%

Company: zooplus SE Date: 2011-01-24 Language: English Register to download

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 News Details

Corporate | 24 January 2011 14:42

#   

zooplus AG: Burda increases holdings to 50.04%

zooplus AG / Key word(s): Miscellaneous

24.01.2011 / 14:42

- Long-term anchor investor builds majority stake
- Company set to exceed 2010 total sales forecast

Munich, January 24, 2011 - Burda Group / Dr. Hubert Burda have increased
their holdings in the publicly traded zooplus AG to a combined 50.04% as of
January 12th, 2011. The Group, therefore, has raised its total
shareholdings by approximately 15% during the last twelve months.

Dr. Cornelius Patt, CEO and co-founder of the company, sees these
developments in a decidedly positive light: 'Burda is an outstandingly
successful investor in publicly traded German and international internet
firms and is therefore a perfect fit for zooplus. A strong anchor investor,
moreover, enables us to forcefully continue our ambitious European growth
strategy.'

For 2010 as a whole, the company is already able to give a very positive
preliminary indication: total sales will exceed the EUR 185 mm forecast and
be above EUR 190 mm in total, making 2010 the company's most successful
year in its history. zooplus is confident to continue upon this dynamic
growth path during the current year.

Dr. Cornelius Patt adds: 'During 2010 we were able to successfully execute
our growth strategy and exceed all our targets. This shows zooplus'
tremendous potential. We will continue to manage the company with a strong
focus for growth during 2011.'


The company will publish its preliminary sales figures for fiscal year 2010
on January 28th 2011, which will be available for download within the
investor relations section under http://investors.zooplus.com/en/welcome/.


Company profile 

zooplus was founded in 1999 and has become Europe's leading online retailer
for pet products, measured by sales and other income. In 2009 total sales
amounted to EUR 129.7 mm. Average annual growth exceeded 50% for the past
three years. The company's profitable business model has already been
introduced successfully in 17 countries. zooplus offers products for all
pet varieties as well as equine supplies. Its product range comprises foods
(dry and wet pet foods, pet food supplements such as chewing bones and
snacks) as well as pet accessories (such as cat trees and toys) over a wide
range of categories. In addition to a broad selection of over 7,000
products zooplus customers benefit from online veterinary consultations as
well as a number of other interactive features. Pet products represent a
significant market segment of the European consumer retail space. Overall
revenues from pet food and accessories amounted to EUR 18 billion within
the European Union in 2009 alone. Based on the growing trend towards
humanisation of pets in western industrialised countries, pet owners are
adapting their purchasing behavior in favour of health, wellness and other
premium products. In addition, European eCommerce is expected to enjoy
sustained, strong growth in the years to come.

Online: http://investors.zooplus.com/en/welcome/ 


Contact Investor Relations: 
cometis AG 
Henryk Deter / Dominic Großmann 
Tel.: +49 (0)611-205855-15 
Fax:  +49 (0)611-205855-66 
E-mail: grossmann@cometis.de 


End of Corporate News

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24.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                           
Company:     zooplus AG                                        
             Sonnenstraße 15                                   
             80331 München                                     
             Deutschland                                       
Phone:       +49 (0)89 95 006 - 100                            
Fax:         +49 (0)89 95 006 - 500                            
E-mail:      contact@zooplus.com                               
Internet:    www.zooplus.de                                    
ISIN:        DE0005111702                                      
WKN:         511170                                            
Listed:      Regulierter Markt in Frankfurt (Prime Standard);  
             Freiverkehr in Berlin, Düsseldorf, Stuttgart      
 
 
End of News    DGAP News-Service  
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109659 24.01.2011