Kinnevik: Interim Report 1 January - 30 June 2015
(Thomson Reuters ONE) -
Operating Companies' Performance
* Communication: Millicom organic revenue growth of 9% in local currency
(excluding UNE), Tele2 mobile end-user service revenue growth of 7%
* Fashion e-commerce: Zalando's preliminary sales up 33-35% with an EBIT
margin of 3-5%, Global Fashion Group confirms strong growth momentum
* Rocket Internet continued to launch new business models, announced high
growth and improving profitability in its "Proven Winners" companies
Kinnevik Investment Activity
* Net investments during the second quarter SEK 318m (SEK 489m during the
first half of 2015)
* Investments focused on existing companies:
- Global Fashion Group EUR 41m (SEK 382m) with a maximum commitment of EUR 65m
- BIMA USD 16m (SEK 129m)
- Quikr USD 20m (SEK 170m) in secondary shares in July
* Divestment of remaining 7.4% stake in Transcom for SEK 159m
* Net investment guidance increased from SEK 1.0bln to 1.0-1.5bln for the full
year 2015
Kinnevik Financial Position
* Net asset value of SEK 87.3bln or SEK 315 per share, up 4% in the quarter
* Strong balance sheet, net cash of SEK 0.5bln (excluding cash in operating
subsidiaries and before investment in Quikr and further participation in
Global Fashion Group's ongoing financing)
Press release:
http://hugin.info/1114/R/1940292/700720.pdf
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Source: Kinnevik via GlobeNewswire
[HUG#1940292]
Unternehmensinformation / Kurzprofil:
Datum: 22.07.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 408329
Anzahl Zeichen: 2055
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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