Rocket

Jan 30, 2023

01/30/2023 | 12:16pm EST Message : *Required fields (Alliance News) - The board of directors of Rocket Sharing Company Spa reviewed operating revenues as of December 31, 2022, and reported that sales revenues for the full year amounted to EUR3.2 million, up about 68 percent from EUR1.9 million in 2021. During 2022, the proprietary platform "Rocket Sharing club" also became operational, which began to contribute revenues, related to memberships and marketplace services, in the amount of approximately EUR400,000. Platform revenues for the "Rocket Energy" division, related to the direct supply of electricity and gas for the business and residential segments, amounted to approximately EUR2.9 million, an increase of about 50 percent compared to December 31, 2021 when it was EUR1.9 million. Pro forma consolidated sales revenues, prepared with the aim of retroactively representing the accounting effects of Rocket's acquisition of 51 percent of the share capital of Stantup Service formalized in December 2022, amounted to about EUR4.3 million, with the latter contributing more than EUR1.0 million. Luigi Maisto, president and CEO of Rocket Sharing Company commented as follows, "In line with the strategies announced in the IPO we have completed the first M&A transaction with the acquisition of 51% of StantUp thanks to which we highlight a further leap in revenue growth exceeding EUR4.3 million in total, more than double the Rocket alone in 2021. For 2023 we are already working to put in place many activities aimed at promoting our services, developing our business, creating synergies with Stantup and scouting new growth opportunities for external lines." Rocket Sharing Company on Monday closed in the green by 11 percent at EUR0.63 per share. By Chiara Bruschi, Alliance News reporter