zooplus grows by 18% in third quarter
With this continued growth, the European online retailer pulls in €1.5 billion ($1.69b) in sales in the first nine months of 2021.
Zooplus went from €436.4 million in revenue in Q3 of 2020 to €514 million in Q3 of 2021.
Other highlights:
- Its revenue retention rate was at 98% compared to 97% in the same period last year.
- Also Zooplus’ own brands, which are more high-margin, have seen growth: in the first nine months of this year, the own brands represented 17.6% of sales, while they represented 15.8% in the same period in 2020.
- Zooplus confirms that the strategic partnership with H&F and EQT will be closed shortly
- Its gross profit margin of 30.1% is slightly lower than the margin in the first 9 months of 2020 (30.5%)
“We are looking back on a strong development of our business in the first nine month of 2021. With our robust growth pace, loyal customer base, and two strong partners at our side, we are about to open a new chapter for zooplus. The strategic partnership with Hellman & Friedman and EQT will allow us to use our pole position in the European pet space to further accelerate our efforts to win the growing and fastevolving category in the long run as we will be able to substantially invest into an even better user experience for our customers, best-in-class logistics and new service and product offerings”, said Dr. Cornelius Patt, CEO of zooplus.