zooplus SE
zooplus AG: Profitable growth trend continues in the first half of 2015
zooplus AG / Key word(s): Half Year Results zooplus AG: Profitable growth trend continues in the first half of 2015
zooplus slightly increased earnings before taxes (EBT) in the second quarter to EUR Dr. Cornelius Patt, CEO of zooplus AG, in his comment on the positive business development said: “In keeping with our strategy, we continue to focus successfully on generating above-average growth and, as a result, have once again expanded our market position within Europe in the first half of 2015. We are pleased to report that the share of food sales has risen again from 77% of sales to a total of 79%. This recurring demand has a beneficial impact on customer loyalty. In summary, we not only reported very positive sales performance in the first six months, but earnings before taxes (EBT) are also fully in line with our plan.” The Management Board reconfirms its forecast for the full 2015 financial year and continues to expect total sales of at least EUR 725 million and earnings before taxes (EBT) in the range of EUR 8 to 12 million. “In the second half-year, we will remain focused on generating sustainable, profitable growth by means of our extensive activities throughout 30 European countries, which were recently expanded to include a localized online shop for Norway. Rising sales and improvements in process efficiency will lead to better cost structures as demonstrated in the first half of 2015 by the drop in our total cost ratio from 30.6% to 28.6%. This places us in an excellent position to continue our profitable growth trend amid a persistent highly competitive environment”, added Dr. Patt. The zooplus Group also reported very solid balance sheet ratios as of June 30, 2015. Total assets as of the reporting date amounted to EUR 143.2 million (December 31, 2014: EUR 138.6 million) and the equity ratio was a comfortable 61.3%. Free cash flow in the first half of 2015 reached a total of EUR 5.8 million after EUR 1.0 million in the previous year. With cash and cash equivalents of EUR 37.8 million as of June 30, 2015, the Group is well positioned to finance current business and realize forecast growth.
Online at: www.zooplus.de Investor relations / media contact: 2015-08-19 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | zooplus AG | |
Sonnenstraße 15 | ||
80331 München | ||
Germany | ||
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 | |
Indices: | SDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart | |
End of News | DGAP News-Service |
387853 2015-08-19 |