Kinnevik: Zalando reports net revenues of EUR 1,047 million in first half-year 2014
ET | Source:Kinnevik, Investment AB
Investment AB Kinnevik today announced that Zalando has reported the following
development in the first half-year:
* Group revenues increased by 29.5% to EUR 1,047 million (EUR 809m).
* Positive group EBIT margin of 1.2 %, DACH region clearly profitable with
EBIT margin of 4.6% (both numbers excluding costs for stock based
* Margin improvement driven by all major cost lines
Rubin Ritter, Member of the Zalando Management Board, commented: "Achieving a
positive group EBIT margin in the first half-year is a major success for
Zalando. Historically, our performance in the first half of any financial year
tended to be weaker than in the second half."
Please refer to attached press release from Zalando for further information.
Kinnevik discloses the information provided herein pursuant to the Securities
Market Act (Sw. lagen om värdepappersmarknaden (2007:528)). The information was
submitted for publication on 28 August, 2014 at 8.00am (CET).
For further information, visit www.kinnevik.se or contact:
Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Investment AB Kinnevik is a leading, long-term oriented, investment company
based in Sweden. Kinnevik primarily invests in consumer centric businesses that
provide innovative and value-added technology-enabled services. Our main areas
of focus are the Communications, e-Commerce, Entertainment and Financial
Services sectors. We own significant stakes in over 50 companies that operate in
more than 80 countries across five continents, with a particular emphasis on
growth markets. The Kinnevik Group employs more than 90 000 people around the
Kinnevik actively supports the companies in which it invests and plays an
influential role on their respective Boards. Kinnevik was founded in 1936 by
three Swedish families who continue to play a leadership role in the ownership
of the Company and in the pursuit of its entrepreneurial ventures.
Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap
companies under the ticker codes KINV A and KINV B.
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