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
– 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. — END — Contact investorrelations@rocket-internet.com About Rocket Internet Disclaimer 2016-09-01 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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