Rocket Internet news and archive

Rocket Internet reports H1 loss of 12 million euros

Rocket Internet SE has announced a consolidated loss of 12 million euros (14.2 million dollars) for the first six months in 2020. The company said in a statement that it generated 45 million euros (53.3 million dollars) of consolidated revenue and earnings per share of negative 0.07 euro in H1 2020. The company added that loss of associates and...

Business

Rocket Internet reports positive trading at selected companies

Rocket Internet SE, confirming its pre-released first quarter result said that the company’s revenues reached 20 million euros and a consolidated loss of 162 million euros compared to 140 million euros of profit in the same quarter of 2019, representing minus 1.18 euros earnings per share. The company said, Rocket Internet’s selected companies...

Business

Rocket Internet expects to report loss for Q1

Rocket Internet SE anticipates a loss for the first quarter of approximately 162 million euros or loss of 1.18 euro per share. The company said in a statement that preliminary result for the quarter is significantly impacted by lower valuations of participations, which have declined in a market environment affected by Covid-19. The financial...

Fashion

Rocket Internet posts revenue and profit increase in 2019

Rocket Internet SE in FY19 reported 67 million euros (73.2 million dollars) of consolidated revenue and a consolidated profit of 280 million euros (306.2 million dollars), representing 1.90 euros (2.08 dollars) earnings per share compared to 1.28 euros earnings per share in FY 2018. Commenting on the results, Oliver Samwer, founder and CEO of...

People

Rocket Internet appoints new board member

Supervisory board of Rocket Internet SE has appointed Soheil Mirpour for an initial period of one year as management board member with effect from March 1, 2020, which the company said that Alexander Kudlich has decided against renewing his contract as member of the management board, which ends March 15, 2020. The company added that Mirpour...

Business

Rocket Internet revenues increase for the first nine months

Rocket Internet reported its net profit for nine months dropped on Tuesday. Compared with the same period last year, revenues rose by 40 percent. For nine months, the company's net profit was 285 million dollar, decreased from 296 million dollar last year. Furthermore, revenues increased to 48 million dollar. Compared to 925 percent a year ago,...

Business

Rocket Internet posts revenue and earnings growth in H1

Rocket Internet SE in the first half of 2019 reported 32 million euros (35.3 million dollars) of consolidated revenue and a consolidated profit of 548 million euros (605 million dollars), representing 3.65 euros earnings per share compared to 1.84 per share in the first half of 2018. The company said, Rocket Internet’s selected companies...

BusinessFeatured

Rocket Internet posts rise in annual revenue and earnings

Rocket Internet SE, in FY 2018 reported 45 million euros (50.5 million dollars) of consolidated revenue and a consolidated profit of 196 million euros (220 million dollars), resulting in 1.28 euro earnings per share compared to 0.01 euro earnings per share in FY 2017. Commenting on the company’s full year results, Oliver Samwer, Founder and CEO...

Business

Rocket Internet returns to net profit of 297 million euros in H1

Rocket Internet SE in H1 2018 reported 24 million euros (28 million dollars) of consolidated revenue and a consolidated profit of 297 million euros (347 million dollars) or 1.84 euros (2.15 dollars) earnings per share compared to a loss of 0.15 dollars in H1 2017. As of August 31, 2018, Rocket Internet said that it had a strong available cash...

People

Rocket Internet's chief financial officer Peter Kimpel resigns

Rocket Internet SE has announced that its chief financial officer Peter Kimpel will be leaving the management board of the company beginning of October 2018 to pursue a new management challenge. The company said, Kimpel was in particular responsible for a number of financing transactions including the IPO of Rocket Internet as well as various...

Business

Rocket Internet's select companies report positive Q1

Rocket Internet SE reported consolidated revenue of 10 million euros (11.6 million dollars) and a consolidated profit of 75 million euros (87 million dollars) in the first quarter of 2018. Earnings per share amounted to 0.46 euro (0.53 dollar) for the period. "In the first quarter of 2018, our selected companies continued to make progress on...

BusinessFeatured

Select companies under Rocket Internet manage to trim losses in FY17

Rocket Internet SE's aggregate revenue across the selected companies in the focus sectors food & groceries, fashion, general merchandise and home & living grew by 28 percent from to 2.64 billion euros (3.25 billion dollars) in 2017, while the aggregate adjusted EBITDA margin improved by 5 percentage points from negative 15.4 percent in 2016 to...