German e-Commerce investor Rocket Internet targets 25-40% sales growth

German e-Commerce investor Rocket Internet expects its main start-ups to grow sales at an average of 25 to 40% in coming years even as it puts a new focus on improving profitability, its founder told shareholders on June 10, 2016

Shares in Rocket Internet slid last week after it reported that average revenue growth at its top start-ups slowed sharply in the first quarter to 34% from 217% a year earlier as it took steps to try to reduce their losses.

“We want to remain a growth company,” Oliver Samwer, the founder and Chief Executive of Rocket, told the annual shareholders meeting, predicting an average growth rate of 25-40 percent for the next few years.

Source: Economic Times