Rocket Internet Narrows Losses, Boosts Sales at Key Startups
- HelloFresh, Global Fashion among businesses that improved
- Samwer trying to convince investors of path to profitability
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Rocket Internet SE increased sales and shrank losses at some of its biggest startups, bringing the company closer to a target of having three of its main investments break even by the end of this year.
Food-box startup HelloFresh boosted sales 49 percent to 158.7 million euros ($173 million) in the fourth quarter. Adjusted losses before interest, tax, depreciation and amortization narrowed at businesses including HelloFresh, Global Fashion Group and Dafiti, Rocket said Tuesday. Overall, Rocket reported a loss of 741.5 million euros for 2016, weighed down by impairment charges and deconsolidation of subsidiaries.