Rocket Internet starts the new year with black numbers

Rocket-Internet 2The startup blacksmith Rocket Internet started the new year with black numbers.

The holding company of the brothers Samwer was able to earn a consolidated profit of 75 million euros, as the company announced on Tuesday in Berlin. By contrast, 2017 was a year of losses for the company, which has been listed in the MDAX since March. In the first quarter of the previous year, Rocket Internet had still suffered a deficit of 86 million euros. Sales climbed from 9 to 10 million euros year-on-year.

The holdings HelloFresh, Global Fashion Group, Jumia, Westwing and Home24 also achieved further sales growth – but the majority of companies are not yet profitable. However, Rocket Internet boss Oliver Samwer was satisfied: “Our selected companies made further progress towards profitability in the first quarter of 2018 and have grown sustainably,” he said.

BERLIN (awp international)

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