Kinnevik: Interim Report 1 January - 31 March 2015
(Thomson Reuters ONE) -
Operating Companies' Performance
* Communication companies: Millicom's organic revenue growth in local
currencies at 10% and Tele2's mobile end-user service revenue up 10%
(including positive currency effects)
* Fashion e-commerce: Zalando's preliminary sales up 27-29% with an EBIT
margin of 4-6%
* Rocket Internet: Consolidating food delivery market and launching new
business models
* Marketplaces: Avito, Quikr and Saltside migrating towards "Augmented
Marketplaces"
Kinnevik Investment Activity
* Investments focused on existing companies:
- Quikr USD 40m (SEK 346m)
- Westwing EUR 20m (SEK 186m)
- Saltside USD 5m (SEK 41 m)
* Divestment of a 24.5% stake in Transcom for SEK 421m
* Net investments during the first quarter SEK 173m (versus full-year guidance
of up to SEK 1.0bln)
Kinnevik Financial Position
* Net asset value of SEK 84bln or SEK 303 per share, stable compared to year-
end 2014
* Strong balance sheet, net debt of SEK 0.1bln in the parent company
* Share price up 13% in the quarter, discount to net asset value at 5% at
quarter-end
Press release:
http://hugin.info/1114/R/1913830/683680.pdf
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Source: Kinnevik via GlobeNewswire
[HUG#1913830]
Unternehmensinformation / Kurzprofil:
Datum: 23.04.2015 - 08:02 Uhr
Sprache: Deutsch
News-ID 387965
Anzahl Zeichen: 1991
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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"Kinnevik: Interim Report 1 January - 31 March 2015"
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