01.09.2016
Rocket Internet SE DE000A12UKK6
DGAP-News: Rocket Internet SE: Rocket Internet SE: Special Items Weigh on Results for the First Half of 2016
DGAP-News: Rocket Internet SE / Key word(s): Half Year Results
Rocket Internet SE: Rocket Internet SE: Special Items Weigh on Results for
the First Half of 2016
01.09.2016 / 23:40
The issuer is solely responsible for the content of this announcement.
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Rocket Internet SE: Special Items Weigh on Results for the First Half of
2016
- Consolidated loss of EUR 617 million in the first half of 2016
- First half 2016 results negatively impacted by special items, in
particular at GFG
Berlin, Germany, September 1, 2016 - Special items, in particular due to
impairments at Global Fashion Group S.A. ("GFG"), weighed on the results of
Rocket Internet SE ("Rocket Internet" or the "Company") in the first half
of 2016. As a result of the last funding round for GFG, which was announced
in April 2016 and which closed in July 2016, GFG wrote-off goodwill and
intangible assets. GFG contributed negative EUR 383 million to the Rocket
Internet's first half year results. The result was further impacted by
special items such as impairments, fair value adjustments and - to a lesser
extent - positive special items. Overall, the consolidated loss for the
first half of 2016 was EUR 617 million.
As a result of deconsolidation effects, group revenues in the first half of
2016 decreased to EUR 29 million compared to EUR 71 million in first half
of 2015.
"Despite these special items, we remain committed to our goals", says
Oliver Samwer, CEO Rocket Internet. "We still expect at least three of our
selected portfolio companies to turn profitable by the end of 2017, and
that the aggregate EBITDA losses of the selected portfolio companies will
have peaked in 2015. "
Rocket Internet will report detailed results for the first half of 2016 on
September 22, 2016.
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Contact
[email protected]
About Rocket Internet
Rocket Internet builds and invests in Internet companies that take proven
online business models to new, fast-growing markets. Rocket Internet
focuses on five industry sectors of online and mobile retail services that
make up a significant share of consumer spending: Food & Groceries,
Fashion, General Merchandise, Home & Living and Travel. Its network of
companies operates a variety of business models in over 110 countries on
six continents with more than 36,000 employees at the end of 2015. Rocket
Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6,
RKET). For further information please visit www.rocket-internet.com.
Disclaimer
This document contains forward-looking statements. These statements are
based on the current views, expectations and assumptions of the management
of Rocket Internet SE ("Rocket Internet") and involve known and unknown
risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. Actual results, performance or events may differ materially
from those described in such statements due to, among other things, changes
in the general economic and competitive environment, risks associated with
capital markets, currency exchange rate fluctuations and competition from
other companies, changes in international and national laws and
regulations, in particular with respect to tax laws and regulations, and
other factors. Rocket Internet does not assume any obligations to update
any forward-looking statements.
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01.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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