zooplus SE
zooplus AG: Update of the guidance for the 2020 financial year: zooplus AG raises sales and earnings guidance for the current financial year
zooplus AG / Key word(s): Forecast/Change in Forecast Update of the guidance for the 2020 financial year: zooplus AG raises sales and earnings guidance for the current financial year Munich, May 7, 2020 – The Management Board of zooplus AG (the “Group”), (WKN 511170, ISIN DE0005111702, ticker symbol ZO1), has decided today to raise the previously forecast target for the 2020 financial year (sales growth in the range of the previous year, up by at least EUR 180 m / earnings before interest, taxes, depreciation and amortization (EBITDA) below the range of the previous year, but in a positive to neutral range). zooplus AG is currently expecting sales in the 2020 financial year to grow by EUR 225 m compared to the previous year, corresponding to a sales volume of EUR 1.75 bn. This corresponds to a higher level of earnings before interest, taxes, depreciation and amortization (EBITDA), which is expected to reach at least EUR 20 m. The circumstances prompting the update of the guidance compared to the target communicated on March 25, 2020 is the continuing robust demand from consumers in the pet supplies segment that the Group is recording both in the completed first quarter of 2020 and the first part of the second quarter of 2020. On the basis of preliminary figures, the Group generated sales of EUR 440 m in the first quarter of 2020 (sales growth vs Q1 2019: EUR 77 m, or 21%) and corresponding EBITDA of EUR 8.1 m (Q1 2019: EBITDA of EUR 2.2 m). The achievement of the adjusted guidance is based on the assumptions that the impact of the corona pandemic on both the overall economic situation and the situation of the Group in the current financial year will not change significantly to the scale known at this time. zooplus AG will publish its results for the first quarter of 2020 on May 14, 2020 and make them available to download on its website at https://investors.zooplus.com.
Online at: www.zooplus.de Media contact:
07-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1038791 |
End of Announcement | DGAP News Service |