Kinnevik: Highlights of Rocket Internet financial results
Investment AB Kinnevik (publ) ("Kinnevik") today announced that Rocket Internet has published results including summary financials for the five Global Fashion Group companies (Dafiti, Lamoda, Zalora, Jabong and Namshi) as well as Lazada, Linio, Jumia, Home24 and Westwing.
Kinnevik CEO Lorenzo Grabau commented:
"With continued strong sales growth and reduced losses as a percentage of sales, the companies within Global Fashion Group are confirming their positive business momentum. We are also pleased to see Home 24 and Westwing continuing on their growth trajectory and on track to establish themselves as the leading European Home & Living e-commerce platforms. New business activity in Rocket Internet remains strong including new business models and new countries roll-out."
Rocket Internet will provide a business update on its network of companies and the Rocket Internet platform today, November 17, 2014 at 11 GMT. 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 2017 44 210 / UK: +44 20 7153 9154 / US: +1 877 423 0830
PIN Code: 786921#
Summary tables for Dafiti, Lamoda, Zalora Jabong and Namshi within Global Fashion Group, Lazada, Linio and Jumia as well as Home24, Westwing for 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 |
Investment AB Kinnevik is a leading, long-term oriented, investment company based in Sweden. Kinnevik primarily invests in consumer centric businesses that provide innovative and value-added technology-enabled services. Our main areas of focus are the Communications, e-Commerce, Entertainment and Financial Services sectors. We own significant stakes in over 50 companies that operate in more than 80 countries across five continents, with a particular emphasis on growth markets. The Kinnevik Group employs more than 90 000 people around the world.
Kinnevik actively supports the companies in which it invests and plays an influential role on their respective Boards. Kinnevik was founded in 1936 by three Swedish families who continue to play a leadership role in the ownership of the Company and in the pursuit of its entrepreneurial ventures.
Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap companies under the ticker codes KINV A and KINV B. Press release--
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kinnevik via Globenewswire
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