Pet Supplies Retailer – Zooplus Increases Sales – Economy

Pet supply retailer Zooplus, which is about to be taken over by US financial investor Hellman & Friedman, is capitalizing on the pet boom in the corona crisis. Sales rose 16% in the first half to reach one billion euros, as the Munich-based online retailer announced on Tuesday. Operating profit grew a little more slowly and climbed 13% to 42.2 million euros. “The first half of the year has shown that the number of pets continues to increase and that the shift to the online channel is gaining momentum in all major European markets,” said CEO Cornelius Patt. For 2021, Zooplus expects a turnover of between 2.04 and 2.14 billion euros and a profit before tax of between 40 and 80 million euros. The yield is expected to be between two and four percent, after 4.2 percent in the first half.

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