DGAP-News: zooplus AG: Sales grow 14% to EUR 363 m in the second quarter of 2019
DGAP-News: zooplus AG / Key word(s): Half Year Results/Development of Sales
zooplus AG: Sales grow 14% to EUR 363 m in the second quarter of 2019
The development of new customer business was particularly encouraging. Following a 15% year-on-year increase in the first quarter of 2019, the number of registered new customers in the second quarter even saw an increase of 32%. Total sales continue to be generated predominantly by business with existing customers. Adjusted for currency effects, the sales retention rate stood at 92% for the first half year and thus slightly below the previous year's level (H1 2018: 94%). Business development in private label products of food and litter continued to grow at an above-average rate of 29% in the first half of 2019.
Dr. Cornelius Patt, CEO of zooplus AG commented on the company's performance saying: "The second quarter of 2019 marks a turnaround with significant growth in new customer business and an increase in the growth of the overall business. We plan to further accelerate growth in the second half of the year. The visible momentum of new customer business is offset by certain restrictions on the activation of new customers through direct marketing measures as a result of the General Data Protection Regulation (GDPR), which makes it somewhat more difficult to further expand business with repeat customers. This is reflected in the sales retention rate, which is currently slightly down on the previous year. With our '20 years of zooplus' brand campaign, we are therefore launching additional marketing initiatives aimed both at increasing brand awareness and at retaining customers' long-term loyalty to zooplus."
Based on the expected further sales development in the course of 2019, the Management Board is confirming its 2019 full-year guidance for a growth rate of 14% to 18%.
zooplus will publish its full report for the first half of the 2019 financial year on August 14, 2019 and make it available on its website at www.investors.zooplus.com.
Online at: www.zooplus.com
18.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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