Rocket Internet has confirmed that it plans to start 10 new companies this year. This confirmation was revealed in the company’s H1 2015 result that was made available to Innovation Village this morning.
According to Rocket Internet, it has already launched 9 out of the ten companies and this means the last one will be launched before the end of the year.
“The Rocket Internet platform is well on track to start 10 new companies in 2015, nine of which have been launched to date,” it stated.
On its performance in the first half of the year, Rocket Internet said it continued to capitalize on the significant market opportunities in the global online economy through its network of companies, which have been performing in line with expectations.
“The Proven Winners recorded an average weighted net revenues/Gross Merchandise Volume (GMV) period-over-period growth of 142% in H1 2015. The Proven Winners continue to show strong operating leverage with an average EBITDA margin improvement of six percentage points in H1 2015 compared to H1 2014. The Emerging Stars mostly continued on their promising growth trend,” the company said.
Oliver Samwer, Founder and Chief Executive Officer of Rocket Internet commented: “Our Proven Winners continue on their strong growth trajectory in 2015. The H1 financials demonstrate growth as well as improvements in profitability. Rocket’s transition to IFRS shows the strong progress that we have made in terms of financial reporting in the group and our focus on increasing transparency.”
