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MarketScreener Homepage  >  Equities  >  Xetra  >  Rocket Internet SE    RKET   DE000A12UKK6

ROCKET INTERNET SE

(RKET)
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Online cruise portals Dreamlines, e-hoi looking for investors -sources

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09/24/2019 | 08:06am EDT

FRANKFURT (Reuters) - German online cruise portals Dreamlines and e-hoi are planning to raise money to fund their rapid expansion, capitalising on growing demand for luxury holidays, people close to the matter said.

Dreamlines, which is backed by Rocket Internet, Global Founders Capital, Holtzbrinck Ventures, Target Global, Dimaventures, Hasso Plattner Ventures, and TruVenturo is working with GCA Altium on the deal, which could value it at more than 200 million euros (176.7 million pounds), the people said.

The loss-making company, which has a target to break even this year with earnings before interest, tax, depreciation and amortisation of 4 million euros on revenues of 60 million, has asked for indicative bids in the 40 million fundraising by Thursday.

Separately, smaller but profitable peer e-hoi - backed by former Porsche head Wendelin Wiedeking as well as his partners Michael Sautter and Klaus Droste - is also considering raising capital from investors, the people said.

The cruise industry is expecting global passenger volume to increase to 30 million this year, having grown by half over the last decade, according to industry association statistics.

At the same time, demand for traditional package holidays is waning and Thomas Cook, one of the industry's largest suppliers, folded earlier this week.

The companies were not immediately available for comment, while GCA Altium declined to comment.

(Reporting by Arno Schuetze, editing by Kirsten Donovan)

Stocks mentioned in the article
ChangeLast1st jan.
ALTIUM LIMITED 0.59% 34.22 End-of-day quote.-1.44%
GCA CORPORATION 1.63% 684 End-of-day quote.-31.80%
PORSCHE AUTOMOBIL HOLDING SE -4.11% 50.88 Delayed Quote.-23.65%
ROCKET INTERNET SE 0.65% 18.72 Delayed Quote.-15.29%
SAP SE -0.01% 135.5 Delayed Quote.12.62%
THE GLOBAL LTD. 1.56% 195 End-of-day quote.-58.60%
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Financials
Sales 2020 70,3 M 83,3 M 83,3 M
Net income 2020 -13,0 M -15,4 M -15,4 M
Net cash 2020 1 291 M 1 529 M 1 529 M
P/E ratio 2020 -208x
Yield 2020 -
Capitalization 2 540 M 3 014 M 3 007 M
EV / Sales 2020 17,8x
EV / Sales 2021 17,3x
Nbr of Employees 404
Free-Float 36,9%
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Technical analysis trends ROCKET INTERNET SE
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 23,00 €
Last Close Price 18,72 €
Spread / Highest target 44,2%
Spread / Average Target 22,9%
Spread / Lowest Target 6,84%
EPS Revisions
Managers
NameTitle
Oliver Christian Samwer Chief Executive Officer & Chief Financial Officer
Marcus Englert Chairman-Supervisory Board
Johannes Bruder Chief Operating Officer
Ronny Rentner Chief Technology Officer
Norbert Lang Member-Supervisory Board
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