Tag: News

• 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 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 Q...

• Rocket Internet SE (“Rocket Internet”) has committed to invest up to EUR 100 million of the EUR 300 million capital increase (the “Financing”) of Global Fashion Group S.A. (“GFG”) // • Rocket Internet expects to invest up to EUR 85 million including the conversion of an existing investment // • GFG with continued strong operating performance in Q1 2016 and a significant improvement of the Adjusted EBITDA margin by over 10 percentage points compared to Q1 2015 Berlin, Germany, April 27, 2016 – Today, GFG has secured a successful funding round of at least EUR 300 million, which has been underwritten by Rocket Internet and other existing shareholders. Founded in 2014, GFG is the leading online Fashion business in emerging markets. It combines 6 regional brands, Dafiti in Latin America, La...

Berlin, Germany – Rocket Internet has agreed to sell a 9.1% stake, on a fully diluted basis, in Lazada for USD 137 million. Founded in 2012, Lazada is the one-stop eCommerce gateway for local and international sellers and brands to the consumers in six distinct Southeast Asian markets: Indonesia, Malaysia, the Philippines, Singapore Thailand and Vietnam. Lazada and Alibaba also entered into a transaction that includes Alibaba’s investment of USD 500 million in Lazada. Alibaba will become the controlling shareholder of Lazada after the transaction. The transaction equates to an equity valuation of Lazada of USD 1.5 billion.Rocket Internet’s remaining fully diluted stake after the transaction and taking into account Alibaba’s investment of new funds is 8.8%.The valuation of Rocket Internet...