31.05.2016
Rocket Internet SE DE000A12UKK6
DGAP-News: Rocket Internet SE: Q1 Results of Portfolio Companies Show Significant Improvement (news with additional features)
DGAP-News: Rocket Internet SE / Key word(s): Quarter Results
Rocket Internet SE: Q1 Results of Portfolio Companies Show Significant
Improvement (news with additional features)
31.05.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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Rocket Internet SE: Q1 Results of Portfolio Companies Show Significant
Improvement
- Net revenue grows by an average of 34% to EUR 532 million Q1 2016 vs.
Q1 2015
- Selected portfolio companies improved adjusted EBITDA on average by 23%
on yoy basis
- Adjusted EBITDA margin improvement of 16 percentage points Q1 2016 vs.
Q1 2015
Berlin, Germany, May 31st 2016 - Rocket Internet SE's ("Rocket Internet",
"the Company") selected portfolio companies have made significant progress
on their path to profitability in the first three months of the year. The
adjusted EBITDA margin improved by 16 percentage points to negative 22% in
the first quarter 2016 compared to the first quarter 2015, thereby reducing
absolute EBITDA losses by more than EUR 40 million.
The companies across the key sectors Food & Groceries, Fashion, General
Merchandise and Home & Living generated EUR 532 million in revenues in Q1
2016 excluding Lazada. Financials for Lazada have not been reflected since
Rocket Internet sold the majority of it's stake to Alibaba in April 2016
and has entered a put and call-agreement for it's remaining stake. On
average, the companies reduced their losses by 23% compared to last year,
while net revenues grew by 34% in the first three months of the year.
HelloFresh, the leading global fresh meals at home provider, continued to
show substantial growth with net revenue improving by 211% in Q1 2016. The
Middle Eastern Fashion company Namshi which is part of Global Fashion Group
(GFG), and the Home & Living company Westwing substantially improved
profitability reporting adjusted EBITDA margins of negative 2.4% and
negative 11% in the first quarter of 2016, reducing absolute losses to EUR
1 million and EUR 6 million respectively.
"These results show that Rocket Internet's selected portfolio companies
have significantly improved in the first three months of the year and are
well progressing on their path to profitability. We are convinced that
these companies will continue their positive development in 2016", says
Oliver Samwer, CEO of Rocket Internet.
For an overview of the detailed Q1 2016 results for selected portfolio
companies, please see the appendix or visit our website.
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Media Contact
T: +49 30 300 13 18 68
E: [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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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=YDAXTSQWRS
Document title: Appendix
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31.05.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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