"The company now employs over 5,000 employees and had €1.8 billion in turnover in 2013 – up by more than 50%. Financial experts believe that we can expect an IPO either at the end of 2014 or latest by early 2015"
Also reading the "Konzernabschluss zum Geschäftsjahr vom 01.01.2012 bis zum 31.12.2012"
Jahresfehlbetrag means net loss and TEUR or TEURO means
e.g: Jahresfehlbetrag TEUR 4.000 or TEURO 4,000 means Net Loss of Euro 4 Million.
(sometimes they use the (.) dot or (,) comma to separate thousands)
and then search for Zalando to see by your own!
Please read also:
ZALANDO 2012 balance
Seven Balance Sheets Rocket Internet clone empire and companies
More Juicy Information from Affinitas GmbH. balance report
Some days ago, a Journalist from the Wall Street Journal, talking about the "famous Samwer bros. clone empire", said: "Start-up companies in general aren't profitable but hope to be at one stage."
I replied: That is exactly the problem. Their start-up companies are not designed to be profitable, and as they are copycats of U.S. companies, the main purpose is to be sold to the original company they had copycatted OR if they fail to do so, to plan the IPO in order to recover the money they had invested!.
They always make unrealistic projections of sales: "For the Brazilian Amazon clone Linio the Samwers offer a return of 12 percent in 2017. The Amazon model generates 1.1 percent."
I suspect no one of the cloned companies by Samwer Bros. are really profitable or sustainable for the next 5 years, to until 2019 at least; and as they will not be able to sell to the original company they had copycatted, as they failed to sell Affinitas GmbH. to eHarmony Inc. last March 2012 and as the Management Team can not innovate in nothing because they are not entrepreneurs, they will collapse. All cloned companies seem like bubbles.
This article from August 2012, talks about " startup losses of under €250 Million for their first three years of operation."
Please see by your own Rocket Internet Ventures in Brazil
HelloFood http://www.alexa.com/siteinfo/hellofood.com.br (called FoodPanda in other countries)
EasyTaxi http://www.alexa.com/siteinfo/easytaxi.com operating also in several countries
GlossyBox, closed last year. http://www.alexa.com/siteinfo/glossybox.com.br
YepDoc ( closed? ) http://www.alexa.com/siteinfo/yepdoc.com.br
DropGifts ( closed? ) http://www.alexa.com/siteinfo/dropgifts.com.br
Who is paying all that fest? AB Kinnevik ?
Not sure about companies founded and funded by Global Founders Capital. Perhaps some Journalists can investigate further.