zooplus SE — Earnings Release 2011

May 13, 2011

News Details

Ad-hoc | 13 May 2011 17:02

zooplus AG adjusts earnings forecast following cost-intensive logistics migration

zooplus AG / Key word(s): Change in Forecast

13.05.2011 17:02

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Munich, 13 May 2011 - The migration of the German logistics centre from
Stauffenberg to the new national and international main logistics hub in
Hörselgau/Eisenach has incurred higher costs than initially anticipated by
zooplus AG. In view of these developments, the Management Board is
expecting a one-off impact in the first two quarters of 2011 and is
therefore adjusting its earnings forecast from breakeven to slightly
positive to a net loss in the low single digit million region. This move
follows expected one-off costs of EUR 4 million, which were initially
budgeted to total EUR 1.5 mm only. The migration of logistics will likely
be completed by the third quarter 2011 and will not have any further
significant impacts on earnings in the third and fourth quarter 2011. While
the migration process has resulted in direct and indirect costs, customer
business continues to develop as planned, however. As a result, the
Management Board has confirmed its total sales forecast of over EUR 250 mm
for the full year 2011 and over EUR 320 mm for 2012. The new central
logistics site in Hörselgau/Eisenach is a vital element in the further
planned growth of the company and will boost the logistics capacity of
zooplus from EUR 300 mm to over EUR 400 mm.

Most of the additional expenses stem from higher costs for the initial
implementation of the new site, temporary storage and moving costs as well
as the temporary use of buffer sites both domestically and abroad. The new
larger site in Hörselgau replaced the now phased out German logistics
facility in Stauffenberg in April 2011. The company is expecting the new
site to be at full operating efficiency levels during the second half of
the year.

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

13.05.2011 DGAP's Distribution Services include Regulatory Announcements,
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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 Announcement DGAP News-Service

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