zooplus SE — Earnings Release 2010

Mar 30, 2011

News Details

Corporate | 30 March 2011 08:01

zooplus AG with another record year in 2010; total sales increase to around EUR 194 million

zooplus AG / Key word(s): Final Results/Forecast

30.03.2011 / 08:01

• Total sales up 50% to EUR 193.6 million
• EBIT at EUR 3.3 mm (previous year: EUR 0.3 mm)
• Acquisition record with around one million new customer accounts
• Logistics capacity expansion to be concluded in Q2 2011

Munich, March 30, 2011 - zooplus AG (WKN 511170, ISIN DE0005111702, ZO1)
has today published its final 2010 figures. Europe's leading Internet pet
supplies retailer has again reported strong growth in total sales, which
includes both sales and other operating income. Active growth management as
well as the continuing development of the company's infrastructure remained
major focal points in 2010. zooplus continues to be managed on a strictly
growth-oriented basis in order to exploit all available development
potentials and, thereby, sustainably enhance the company's value.

zooplus AG generated total sales of EUR 193.6 mm in 2010, representing
around 50% year-on-year growth. Of these total sales, around EUR 177.8 mm
were derived from sales generated by the online sale of pet supplies, and a
further EUR 15.8 mm from other operating income.

After deducting operating costs, the company generated an EBIT of
EUR 3.3 mm, compared with EUR 0.3 mm in the previous year. Interest
expenses were held at a comparable level due to the company's solid
financing structure. Accordingly, earnings before tax of EUR 3.1 mm were
reported, compared with EUR -2.1 mm in 2009. After deducting taxes on
income, the company achieved a consolidated net income of EUR 2.0 mm
(previous year: EUR -1.5 mm), corresponding to earnings per share of EUR
0.76 (previous year: EUR -0.61).

A new international distribution centre will be opened in
Hörselgau/Eisenach during Q2 in order to continue the previous years'
growth into 2011. This will boost total sales capacity to up to EUR 400
million p.a. At the same time, the existing German logistics will be
replaced by the new site. This will allow Northern and Eastern Europe to be
served significantly more efficiently in the future, while processing
capacity will be raised by a further EUR 100 million of sales.

Dr. Cornelius Patt, CEO and one of zooplus's founders, is pleased with what
has been achieved and looks confidently into the future: 'We look back on a
successful year and also assume that we will be able to continue upon our
path during the current financial year. Based on our strict growth focus
for 2011, we are forecasting a further record in terms of total sales to a
level in excess of EUR 250 million. Moreover, we are aiming to achieve
total sales growth to a level of at least EUR 320 million in 2012.' He also
adds: 'We are aiming to achieve parity with both of our bricks-and-mortar
competitors in the medium term and position ourselves as one of Europe's
leading pet supply providers. In this context, we seek to reach a EUR 500
million total sales run rate until the end of 2014.'

The complete 2010 annual report can be downloaded from the company's
website at 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 2010, total sales
amounted to EUR 194 mm and, therefore, have increased fivefold during the
last 5 years. At the same time, the company generated EBIT operating
earnings of EUR 3.3 mm in 2010. The company's profitable business model has
already been introduced successfully in 18 countries. zooplus offers
products for all pet varieties. 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 19 billion within the European
Union in 2010 alone. Based on the growing trend towards humanization of
pets in western industrialized countries, pet owners are adapting their
purchasing behavior in favor of health, wellness and other premium
products. In addition, European eCommerce is expected to enjoy sustained,
strong growth in the years to come. zooplus expects a continuation of the
company's dynamic growth in tune with continuously positive earnings.

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

Contact Investor Relations:
cometis AG
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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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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