Zooplus AG : Q2: Collapse of new customer growth results in lower than expected sales
>Q2 sales below our estimate and consensus mainly due to collapse of new customer growth - According to its preliminary figures released today (19 July), zooplus’s Q2 2018 sales came in at € 320m (Q2 2017: € 259.8m, up c.+23% yoy). This was below our estimate (€ 328.1m) and even further below consensus (Bloomberg: € 330.5m). Currency-adjusted growth stood at c.+24% yoy. In H1 2018, the sales-retention rate remained stable at 94% (the level of Q1 2018) on a curren...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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