Rocket Internet manages to cut EBITDA losses by 48mn euros

Rocket Internet has announced that its selected companies have taken further significant steps towards profitability. The aggregate adjusted EBITDA margin improved from a weighted average of negative 19 percent in the first nine months 2016 to negative 12 percent in 9M 2017. The company added that selected companies continued to grow revenue, whilst absolute aggregated EBITDA losses decreased by 48 million euros (56 million dollars).