13.04.2018 Rocket Internet SE  DE000A12UKK6

DGAP-News: Rocket Internet SE: Selected Companies Show Improvement in Growth and Profitability in 2017

DGAP-News: Rocket Internet SE / Key word(s): Final Results
Rocket Internet SE: Selected Companies Show Improvement in Growth and
Profitability in 2017 (news with additional features)

13.04.2018 / 08:00
The issuer is solely responsible for the content of this announcement.


Rocket Internet SE: Selected Companies Show Improvement in Growth and
Profitability in 2017

- Aggregate revenue of selected companies grew by 28% to EUR 2.64 billion in
2017 versus 2016

- Aggregate adjusted EBITDA margin of selected companies improved by
5 percentage points from -15.4% in 2016 to -10.3% in 2017

- Rocket Internet released full year 2017 results in line with expectations
and remains well funded

Berlin, April 13, 2018 - Rocket Internet SE's ("Rocket Internet" or "the
Company") selected companies showed continued revenue and GMV growth and
demonstrated progress on their way towards profitability in 2017. Aggregate
revenue across the selected companies [1] in the focus sectors Food &
Groceries, Fashion, General Merchandise and Home & Living grew by 28% from
EUR 2.06 billion in 2016 to EUR 2.64 billion in 2017, while the aggregate
adjusted EBITDA margin improved by 5 percentage points from -15.4% in 2016
to -10.3% in 2017. The absolute EBITDA loss was reduced by EUR 44 million.

HelloFresh, the leading meal kit company, reported strong revenue growth of
52% to EUR 904.9 million in 2017 and improved the adjusted EBITDA margin
from -13.8% in 2016 to -7.7% in 2017. Delivery Hero, the leading online food
ordering and delivery marketplace, grew revenue year on year by 60% to EUR
544.2 million in 2017. Both companies, HelloFresh and Delivery Hero, went
public in 2017. With a combined market capitalization of more than EUR 8
billion at the end of 2017, they rank among the most successful IPOs in
Europe last year and show our ability to create value for Rocket Internet
and its co-investors. Rocket Internet reduced its economic ownership in
Delivery Hero in a number of transactions to 8% as of March 31, 2018.

In the past year, Global Fashion Group ("GFG") increased revenue by 23.5% to
EUR 1.1 billion in 2017, while the adjusted EBITDA margin improved from
-14.7% in 2016 to -8.9% in 2017.

Online Home & Living company Westwing's adjusted EBITDA margin improved from
-5.5% in 2016 to -1.9% in 2017, while revenue grew by 6.2% to EUR 265.8
million. As in Q4 2016, Westwing's adjusted EBITDA was positive in Q4 2017.
Home24 increased full year revenue by 13.1% to EUR 275.7 million, while the
adjusted EBITDA margin improved from -16.5% in 2016 to -7.9% in 2017,
despite increased marketing expenses and investments in process automation
and systems.

Jumia, the leading online platform in Africa, grew revenue to EUR 93.8
million in 2017. Gross merchandise volume on the platform grew by 41.8% to
EUR 507.0 million in 2017, driven by strong total order growth to 8.3
million orders in 2017.

"2017 was a very successful year for Rocket Internet with the IPOs of
Delivery Hero and HelloFresh, as well as a number of successful company
exits, including the sales of Goodgame Studios and Affinitas and the sale of
the final Lazada tranche to Alibaba", says Oliver Samwer, CEO of Rocket
Internet. "We delivered on our promise to create and crystalize value for
our investors and to further improve the profitability of our selected

Rocket Internet and its companies continue to be well funded, with an
available gross cash position of EUR 2.7 billion at Rocket Internet and an
additional gross cash position of EUR 0.5 billion at selected companies and
regional internet groups, as of the end of March 2018. Rocket Internet
continues to evaluate private funding and other funding alternatives for its

Rocket Internet Group's FY 2017 revenue of EUR 36.8 million declined
compared to FY 2016 revenue of EUR 50.4 million primarily due to
deconsolidation, sales and dis-continuation of previously fully consolidated
subsidiaries. The consolidated loss amounted to EUR -6.0 million in 2017
compared to EUR -741.5 million in 2016. Earnings per share reached
break-even level with EUR 0.01 per share in 2017.

For an overview of the detailed FY 2017 results for Rocket Internet SE and
selected companies, please see the appendix or visit our website.

--- END--

Media Contact

T: +49 30 300 13 18 68

E: [email protected]

About Rocket Internet

Rocket Internet incubates and invests in internet and technology companies
globally. 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 33,000
employees. Rocket Internet holds stakes in two significant publicly listed
companies, Delivery Hero and HelloFresh. Rocket Internet SE is listed on the
Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET) and is included in the
MDAX index. For further information please visit www.rocket-internet.com.

Disclaimer / Important Note

Despite not having control over the selected companies mentioned above, the
aggregate financial information is shown on a 100% basis (i.e. 100% of
revenues and EBITDA). The actual legal and economic interest of the Rocket
Internet group in the network companies shown above is far lower than 100%.
Please refer to Rocket Internet SE's consolidated financial statements for
additional information on the group's consolidation policies and its segment

This document contains forward-looking statements. These statements are
based on the current views, expectations and assumptions of the management
of Rocket Internet SE and involve known and unknown risks and uncertainties
that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. Actual results,
performance or events may differ materially from those described in such
statements due to, among other things, changes in the general economic and
competitive environment, risks associated with capital markets, currency
exchange rate fluctuations and competition from other companies, changes in
international and national laws and regulations, in particular with respect
to tax laws and regulations, and other factors. Rocket Internet does not
assume any obligations to update any forward-looking statements.[1] The
aggregate financials take into account the financial performance of
HelloFresh, Global Fashion Group, Jumia, Westwing and Home24 (Delivery Hero
not included).

Investor Relations:
[email protected]


Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=ODMEMGSOGN
Document title: 2017_FY Rocket Internet and Selected Companies


13.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de


   Language:    English
   Company:     Rocket Internet SE
                Charlottenstrasse 4
                10969 Berlin
   Phone:       +49 (0)30 300 13 1800
   Fax:         +49 (0)30 300 13 1899
   E-mail:      [email protected]
   Internet:    www.rocket-internet.de
   ISIN:        DE000A12UKK6
   WKN:         A12UKK
   Indices:     MDAX
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
                Stuttgart, Tradegate Exchange; Luxemburg

   End of News    DGAP News Service

674303 13.04.2018

Rocket Internet
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A12UKK 30,200 Kaufen 4.662,12
KGV 2019e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
- 0,00 0,000 -96,77
1,14 - 126,83 -60,799
Dividende '17 in € Dividende '18e in € Div.-Rendite '17
in %
0,00 0,00 0,00 08.06.2018
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.05.2018 20.09.2018 29.11.2018 13.04.2018
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
6,97% 22,28% 42,96% 58,53%

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