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ZO1 - Zooplus AG News Story

€89.2 -0.1  -0.1%

Last Trade - 4:35pm

Mid Cap
Market Cap £533.7m
Enterprise Value £552.6m
Revenue £1.23bn
Position in Universe 448th / 1050

BUZZ-Zooplus: Hits 4-year low as outlook disappoints

Wed 20th March, 2019 8:25am
(Updates price, adds milestones and broker's comments)
    ** Zooplus  ZO1G.DE  drops 11 pct and hits almost 4-yr low
    ** Sees sales growth in range of 14% to 18% for 2019, says
EUR 2 bln sales forecast for 2020 appears too ambitious
    ** EBITDA expected at EUR 10-30 mln for 2019
    ** "Group's FY19 targets fall short to expectations in
regards to sales as well as in regards to earnings," Baader
Helvea says
    ** "No comment regarding group's EBT margin target of '4%
with repeat customers by 2020' – A bad sign!?" - Baader Helvea
    ** JP Morgan says the key question for them is whether
Zooplus achieved the tipping point where it sources better than
its competitors



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