Public disclosure of inside information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse (market abuse regulation - MAR)
Ad-hoc: Rocket Internet SE expects a loss for the first quarter 2020 driven by lower valuations of participations
Berlin, May 11, 2020. Rocket Internet SE ("Rocket Internet" or the "Company") expects a loss for the first quarter 2020 of approximately EUR -162 million (-1.18 Euro per share). The preliminary result for the first quarter 2020 is significantly impacted by lower valuations of participations, which have declined in a market environment affected by Covid-19. The financial result for the period is expected at approximately EUR -98 million and mainly contains the net changes (losses and gains) in fair value of equity instruments measured at fair value through profit or loss. Further, the share in the result of associated companies and joint ventures is expected to negatively impact the quarterly result by around EUR -48 million.
The Company will publish Q1 2020 results including the exact loss for the period as planned on May 28, 2020.
This release contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of Rocket Internet SE ("Rocket Internet") and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, and other factors. Rocket Internet does not assume any obligations to update any forward-looking statements.
Dr. Inka Frederike Brunn
SVP Legal & General Counsel
Tel: 01 74 / 18 39 45 4
E-Mail: [email protected]
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