Kinnevik: Financial results 2015 for Global Fashion Group, Lazada, Linio, Home24 and Westwing

14 Apr 2016, 8:00 AM

Investment AB Kinnevik (publ) ("Kinnevik") today published financial results for 2015 for Global Fashion Group (including the regional businesses Lamoda, Dafiti, Namshi, Zalora and Jabong) as well as for Lazada, Linio, Home24 and Westwing. Further, following a share swap with Rocket Internet, Kinnevik has increased its ownership in Linio to 16.9% and no longer holds any shares in Jumia and Zando. 

Rocket Internet will host a conference call today, 14 April 2016, at 10.00 - 13.00 CET to present the results for the full year 2015 as well as host its Capital Markets Day. The presentation will be available on 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
USA: +1 855 402 7766

PIN Code: 55778384#

Summary financials for Global Fashion Group (including Lamoda, Dafiti, Namshi, Zalora and Jabong) as well as for Lazada, Linio, Home24 and Westwing can be found on the following pages of this press release.

Following a share swap agreement entered into by Kinnevik and Rocket Internet, whereby Kinnevik exchanges its entire 8.1% holding in Africa eCommerce Holding (AEH) comprising Kinnevik's ownership in Jumia and Zando against shares in Linio corresponding to 9.0% of the company, Kinnevik no longer holds any shares in Jumia and Zando. The transaction does not involve any cash consideration and results in Kinnevik increasing its ownership in Linio to 16.9%.

 

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor RelationsPhone +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. 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 Stockholm's list for large cap companies under the ticker codes KINV A and KINV B.