DGAP-News

Rocket Internet SE: Rocket Internet Reports Continued Revenue Growth and Profitability Improvement for Selected Companies in 2016

DGAP-News: Rocket Internet SE / Key word(s): Final Results Rocket Internet SE: Rocket Internet Reports Continued Revenue Growth and Profitability Improvement for Selected Companies in 2016 (news with additional features) 25.04.2017 / 08:00 The issuer is solely responsible for the content of this announcement. Rocket Internet Reports Continued Revenue Growth and Profitability Improvement for Selected Companies in 2016

- Aggregate revenue of selected companies grew by 29% to EUR 2.2 billion in 2016 versus 2015

- Aggregate adjusted EBITDA margin of selected companies improved by 16.4 percentage points from -31.3 % in 2015 to -14.9 % in 2016

- Rocket Internet released full year 2016 results in line with expectations

- Rocket Internet remains well funded with an available gross cash position of EUR 1.5 billion

 

Berlin, April 25, 2017 - Rocket Internet SE's ("Rocket Internet" or "the Company") selected companies have shown continued revenue growth and progress on their way towards profitability in 2016. Aggregate revenue across the focus sectors Food & Groceries, Fashion, General Merchandise and Home & Living grew by 29% from EUR 1.7 billion in 2015 to EUR 2.2 billion in 2016. The aggregate adjusted EBITDA margin improved by 16.4 percentage points from -31.3% in 2015 to -14.9% in 2016, which equates to an absolute EBITDA loss reduction of EUR 234 million.

HelloFresh, a leading global meal kit provider, grew by 95.8% in 2016 and reported revenue of EUR 597.0 million, while improving its adjusted EBITDA margin by 14.5 percentage points to -13.8%. Delivery Hero, one of the worlds' largest online food delivery networks, increased gross merchandise volume from EUR 1.4 billion to EUR 2.3 billion in 2016 and revenue from EUR 166 million to EUR 297 million.

In the same period, Global Fashion Group ("GFG") experienced continued revenue and net merchandise volume growth across all regions, reaching revenue of over EUR 1.0 billion. GFG's adjusted EBITDA margin improved from -26.9% in 2015 to -12.5% in 2016. Middle Eastern online fashion retailer Namshi has successfully reached breakeven, with an adjusted EBITDA margin of 1.8% for the year.