Kinnevik: Zalando reports net revenues of EUR 1,047 million in first half-year 2014
Investment AB Kinnevik today announced that Zalando has reported the following development in the first half-year:
- Group revenues increased by 29.5% to EUR 1,047 million (EUR 809m).
- Positive group EBIT margin of 1.2 %, DACH region clearly profitable with EBIT margin of 4.6% (both numbers excluding costs for stock based compensation).
- Margin improvement driven by all major cost lines
Rubin Ritter, Member of the Zalando Management Board, commented: "Achieving a positive group EBIT margin in the first half-year is a major success for Zalando. Historically, our performance in the first half of any financial year tended to be weaker than in the second half."
Please refer to attached press release from Zalando for further information.
Kinnevik discloses the information provided herein pursuant to the Securities Market Act (Sw. lagen om värdepappersmarknaden (2007:528)). The information was submitted for publication on 28 August, 2014 at 8.00am (CET).
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
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Source: Kinnevik via Globenewswire