Investment AB Kinnevik (publ) ("Kinnevik") today publishes financial results 2014 for Global Fashion Group (incl. the regional businesses Dafiti, Lamoda, Zalora, Jabong and Namshi) as well as Home24, Westwing, Lazada, Linio and Jumia.
Kinnevik CEO Lorenzo Grabau commented:
"With continued strong growth in gross merchandise volume (GMV) and sales, Global Fashion Group, the home & living companies Home24 and Westwing as well as the general merchandise companies Lazada, Linio and Jumia are capturing the significant opportunities in their respective regions and e-commerce segments. We are also pleased to see reduced losses as a percentage of sales while all of the companies continue to invest into their market position, platform and people."
Rocket Internet will host a conference call on its 2014 results as well as those of its Proven Winners and to provide an update on its global network of companies today, May 5, 2015 at 10.30 CET. The presentation will also be available on https://www.rocket-internet.com/investors/ with the opportunity to participate by phone through the following dial-in details:
DE: +49 69 222 229 043 / UK: +44 203 009 2452 / US: +1 855 402 7766
PIN Code: 75549577#
Summary financials for Dafiti, Lamoda, Zalora, Jabong and Namshi within Global Fashion Group, as well as Home24, Westwing, Lazada, Linio and Jumia are included below.
For further information, visit www.kinnevik.se or contact:
|Torun Litzén, Director, Investor Relations||Phone +46 (0)8 562 000 83|
|Mobile +46 (0)70 762 00 83|
Kinnevik is an entrepreneurial investment group focused on building digital consumer businesses in four sectors: Communication, E-commerce & Marketplaces, Entertainment, and Financial Services. We work in partnership with talented founders and managers to create, invest in and lead fast growing digital businesses both in developed and developing countries. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families.
Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap companies under the ticker codes KINV A and KINV B.