Berlin / DE. (riag) Rocket Internet SE’s reported consolidated revenue of EUR 10 million and a consolidated profit of EUR 75 million in Q1/2018. Earnings per share amounted to EUR 0.46 for the period. The Company continues to be well funded, with an available gross cash position of EUR 2.6 billion as of May 15, 2018.
Rocket Internet repurchased 9,724,739 own shares through a public share purchase offer on May 09, 2018. All 10,765,906 treasury shares were redeemed on May 23, 2018 and thus the share capital of the Company was reduced to EUR 154,374,884.00.
The selected companies achieved further revenue growth and margin improvement in Q1/2018 versus Q1/2017. HelloFresh, the leading meal kit company, reported strong revenue growth of 44 percent to EUR 296 million in Q1/2018 and reduced losses significantly. The adjusted Ebitda margin improved from minus 14.4 percent in Q1/2017 to minus 7.3 percent in Q1/2018. On April 18, 2018, Rocket Internet placed an 8 percent HelloFresh stake, which resulted in gross cash proceeds of EUR 150 million. Following the share sale, Rocket Internet remains HelloFresh’s largest shareholder and continues to hold 36 percent of the share capital.
Global Fashion Group, the leading online fashion destination in emerging markets, reported group net revenue of EUR 237 million for Q1/2018, which represents a growth of 17.6 percent on a constant currency pro-forma basis (3.6 percent on Euro basis) compared to Q1/2017. The adjusted Ebitda margin improved to -13.6 percent in Q1/2018.
Jumia, the leading online platform in Africa, grew GMV to EUR 151 million in Q1/2018, a 70.9 percent increase over Q1/2017. With EUR 211 million pro-forma cash, Jumia remains well funded to develop its operations on the African continent.
Online Home + Living company Westwing increased revenue by 18.4 percent to EUR 71 million in Q1/2018 and reported the second consecutive profitable quarter with an adjusted Ebitda margin of 1.7 percent in Q1/2018.
Home24 grew revenue by 25.2 percent in Q1/2018 to EUR 85 million in Q1/2018, while the adjusted Ebitda margin improved to -6.0 percent in the quarter. On May 18, 2018, Home24 announced plans for an initial public offering on the Frankfurt Stock Exchange.
«In the first quarter of 2018, our selected companies continued to make progress on their path towards profitability, while demonstrating sustainable growth», says Oliver Samwer, CEO of Rocket Internet.
