Brief: Rocket Internet Reports Q1 Consolidated Loss Of 162 Mln Eur

Global Fashion SA

28/05/2020 07:10

May 28 (Reuters) - Rocket Internet SE  RKET.DE :
    * ROCKET INTERNET INCURRED A CONSOLIDATED LOSS OF EUR -162
MILLION
FOR Q1 2020 AND EUR -1.18 EARNINGS PER SHARE
    * VALUATION OF PARTICIPATIONS DECLINED IN A MARKET
ENVIRONMENT
AFFECTED BY COVID-19
    * GLOBAL FASHION GROUP GREW GROUP REVENUE TO EUR 271 MILLION
IN Q1
2020, WHICH REPRESENTS AN 8% GROWTH ON A CONSTANT CURRENCY BASIS
VERSUS Q1 2019
    * HOME24 GREW REVENUE TO EUR 103 MILLION IN Q1 2020, A 14%
INCREASE YEAR-ON-YEAR ON A CONSTANT CURRENCY BASIS
    * WE EXPECT THIS TO ENDURE IN SHORT- AND MEDIUM-TERM
    * BELIEVE THAT PANDEMIC WILL ACCELERATE SHIFT FROM OFFLINE
TO
ONLINE IN MANY SECTORS, ONCE ECONOMY HAS RECOVERED

Source text for Eikon:  ID:nEQ25FnMFa 
Further company coverage:  RKET.DE 

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