Zooplus AG : Disappointing growth in Q4 2018, but we expect improvements in the following quarters
>Growth in Q4 dampened mainly by weak new customer wins in H1 2018 - According to its preliminary figures released yesterday (24 Jan), zooplus’s full-year 2018 sales came in at c.€ 1,342m (full-year 2017: € 1,110.6m, up c.+21% yoy), from which we calculate Q4 2018 sales of c.€ 368.2m (Q4 2017: € 316.1m, up c.+16.5% yoy). This was below our full-year sales estimate (€ 1,359.8m) and also below consensus (Factset: € 1,354.1m); it met the company’s guidance, (growth of 21...Zooplus is an internet retailer for pet supplies in Germany and other European countries. Co. provides its customers approximately 8,000 food and accessory products for dogs, cats, small animals, birds, fish and horses. Co.'s products include various brand name foods, Co.'s own private labels, as well as as toys, care and hygiene products and other accessories. In addition, Co. provides its customers with other information on its websites, veterinary and other animal-related advice, plus features such as discussion forums and blogs. As of Dec 31 2013, Co. operated a total of 21 country-specific online shops.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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