DGAP-News

Rocket Internet SE: Rocket Internet Reports Continued Revenue Growth and Profitability Improvement for Selected Companies in 2016 - Seite 2

In 2016, online Home & Living companies Westwing and Home24 respectively reduced adjusted EBITDA losses from EUR -49.9 million to EUR -13.8 million and EUR -75.3 million to EUR -40.1 million.

African online platform Jumia, formerly known as Africa Internet Group, has successfully completed the rebranding of all services under the Jumia brand in 2016 with a positive impact on traffic and brand awareness. Jumia reduced its adjusted EBITDA losses from EUR -161.3 million in 2015 to EUR -91.9 million in 2016.

"In 2016, our selected companies progressed on their path towards profitability, while demonstrating further growth ", says Oliver Samwer, CEO Rocket Internet.

Rocket Internet and its companies continue to be very well funded, with an available gross cash position of EUR 1.5 billion at Rocket Internet and an additional gross cash position of EUR 0.8 billion at selected companies and regional internet groups, as of the end of March 2017.

Rocket Internet Group's FY 2016 revenue of EUR 50.4 million and the consolidated loss of EUR -741.5 million have been impacted primarily by the deconsolidation of subsidiaries, e.g. La Nevera Roja and Pizzabo, and impairment related charges of associated companies. As already explained in detail as part of the half-year financial statements 2016, the main negative effects on net income, in particular impairment charges in relation to GFG, were non-cash effects. Rocket Internet Group's cash flow from operating activities improved by EUR 19.8 million to EUR -85.7 million

For an overview of the detailed FY 2016 results for Rocket Internet SE and selected companies, please see the appendix or visit our website.

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About Rocket Internet

Rocket Internet incubates and invests in Internet companies with proven business models. It provides operational support to its companies and helps them scale internationally. Rocket Internet focuses predominantly on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Rocket Internet's selected companies are active in a large number of countries around the world with more than 28,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.