Fund Update: Zooplus

Investors in the Elevation Capital Global Shares Fund own a share of Zooplus AG [ZO1G.DE], the largest e-commerce pet retailer in Europe. Zooplus has increased its revenue since 2015 at an annual rate of +21.23%. Partially due to the shutdown restrictions driving consumers online, but also caused by the continued trend of “pet-humanisation”, Zooplus as at 20 July 2020 has returned +78.83% for the Fund. In our view, the strong economic tailwinds prevalent in the pet care sector will continue as consumers are more willing to pamper their pets, and with a >50% share in the European online pet care space, Zooplus is best positioned to capture this growth.

We first published a summary on Zooplus in November 2019, where we outlined the companies strengths and potential upside. For a more detailed analysis of Zooplus, read our updated report here.