Sales growth adjusted for currency effects also equaled 13%. In the third quarter of 2019, sales grew by EUR 47 m to a total of EUR 378 m (Q3 2018: EUR 331 m), representing an acceleration in growth compared to the first two quarters of the financial year.
The growth rate of 14% achieved in the third quarter of 2019 (currency-adjusted: 14%) was one percentage point higher than in the first six months of 2019.
Total sales were primarily driven by business with existing customers. Adjusted for currency effects, the sales retention rate in the first nine months of 2019 remained at a high level of 91% (9M 2018: 95%). New customer business in the first nine months of 2019 continued to develop favorably with the number of registered new customers rising year-on-year by 25%. Sales of private label products of food and litter in the first nine months of 2019 continued to grow at an above-average rate of 29%.
Dr. Cornelius Patt, CEO of zooplus AG, commented on the company’s performance saying: "We achieved a slight acceleration in growth in the third quarter of 2019 compared to the first two quarters. With a rise in sales of EUR 47 million over the prior year’s quarter, we have clearly continued our growth path and have expanded our leading market position in Europe.