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The Munich-based online pet supplies retailer grew Q2 sales by almost 28%.
Europe may be battling an ongoing debt crisis, but pet owners, especially in Germany, keep right on buying online. A case in point is Munich-based online pet supplies retailer Zooplus AG, which is off to a solid financial start in 2011.
Zooplus did not break out second quarter web sales, but Internet Retailer calculates Q2 web sales were 57.9 million euros ($83.3 million), a 27.8% increase from 45.3 million euros ($65.1 million) in the prior year quarter. Calculations are based on Zooplus’s Q1 and preliminary year-to-date earnings reports.
For the first two quarters of 2011, Zooplus, No. 47 in the Internet Retailer Top 300 Europe, reported:
- Sales of about 118.5 million euros ($170.4 million), up by 39.2% from 85.1 million euros ($ 122.4 million) in the prior year period.
“Due to the relaunch of our main logistics operations we reported significantly weaker growth than expected, particularly in April,” says Florian Seubert, chief financial officer of Zooplus. “We nevertheless succeeded in returning to our growth path from May and June onwards.”
Zooplus sells online in 13 European countries, including France, Germany, Italy, Spain and the United Kingdom.