zooplus AG: Continued strong sales growth
Europe’s leading online retailer of pet supplies, completed the first half of 2020 with a significant increase in sales and profitability. Despite the pandemic-ridden environment, zooplus was able to maintain its business operations and deliver directly and safely to the homes of its loyal existing and new customers throughout Europe.
The results at a glance:
- Sales up 19% to EUR 862 m in H1 2020 (H1 2019: EUR 727 m)
- Sales retention rate back at the record level of 95%
- Improved management of product sales mix leads to increase in gross margin to 30.5% in H1 2020 (H1 2019: 28.4%)
- Sharp rise in operating profitability results in EBITDA of EUR 29.4 m in H1 2020 (H1 2019: EUR 4.5 m)
- Strong free cash flow of EUR 29.6 m in H1 2020 (H1 2019: EUR 6.9 m) underscores Group’s internal financing capabilities
- Sales and earnings targets for current financial year raised again in July 2020
The full report can be downloaded here