Rocket Internet : Q3 2018 results and CMD: Still no share price catalyst on the horizon
>Expected more colour on what Rocket Internet intends to do with its cash pile - RKET reported its Q3 2018 results and hosted a Capital Markets Day on 30 November 2018. While the results themselves have been of lesser importance in our view as Rocket Internet’s balance sheet and P&L does not adequately reflect the financial performance of its largest portfolio companies, we expected to get more colour on what Rocket intends to do with its cash pile of c€2b (which eq...Rocket Internet SE is a Germany-based company active in the investment management and fund operator industry. The Company identifies, builds, scales and retains ownership of Internet companies. It mainly operates in three sectors: e-commerce, including retail companies in the areas of fashion, general merchandise, home and living, office supplies and food groceries; marketplace, comprising companies active in fields such as real estate, travel, transport and food delivery which offer buyers and sellers venues for direct transactions, among others; and financial technology, containing companies bringing together borrowers and lenders in areas like the consumer and small and medium-sized enterprise segments. As a holding company, Rocket Internet AG holds interests in operating subsidiaries divided into regional Internet groups entailing the geographic regions Africa, Asia Pacific, Latin America and the Middle East. The Company has a controlling interest in HelloFresh GmbH.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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