Zooplus, a German web shop for animal products, has adjusted its turnover forecast upwards to at least 530 million euro after a strong semester. Previously, Zooplus forecast 500 million euro.
More than 250 million euro in sales
For its second quarter of 2014, Zooplus raked in 130.5 million euro in revenue, split in 124.1 million euro in turnover and 6.4 million euro in other operating income. In the same period last year, Zooplus managed to reach 101.8 million euro.
The first half of 2014 has therefore resulted in 256.8 million euro, which is the first time Zooplus has surpassed the 250 million barrier in a 6 month period. Last year, it managed 198.8 million euro.
That is why Zooplus has now adjusted its full-year forecast from 500 million euro to at least 530 million euro. In 2013, it reached 427 million euro. Its profit forecast has also been changed, from 3.8 million euro in 2013 to some 6 million euro (gross profit) now.
The company believes further increases are still possible as the entire European pet food and accessories market is estimated to reach 23 billion euro. With its product range of 8,000 items and its presence in 24 European countries, it will hope to grab a larger share of that market.