11 Sep 2024
Prosus celebrates 5-year anniversary
Today, we’re delighted to celebrate our 5th anniversary in Amsterdam and being listed on Euronext.
A group of representatives from Prosus Group, including Fabricio Bloisi, CEO of Prosus and Naspers Group, took part in celebrations at the European stock exchange and rang the opening bell at this morning’s market open ceremony.
Over the past five years Prosus Group has become Europe’s largest technology company by market capitalisation. All of our businesses are growing exponentially and we’re delivering on a number of key objectives for the company.
Consolidated Ecommerce profitability
In FY24 we achieved top line growth of 19%, with Ecommerce consolidated revenue of US$5.5bn. And over the past five years we intensified our focus on profitable growth, achieving Ecommerce profitability for the first time in FY24, six months early, with a trading profit of US$38m, as reported in our FY24 full year results.
Structural improvement
We simplified and flattened our corporate structure, completing the removal of the Prosus and Naspers cross holding in September 2023, which better aligns with our strategy for sustainable growth in the future.
Strengthened shareholder engagement
We’ve done this through value creation, structural action, compensation, and sustainability.
Unlocked value for shareholders
We continue to invest in ourselves through the buyback, which has unlocked US$32bn of value for shareholders since launch in June 2022. We’ve also seen an increase of 8.2% in NAV per share for shareholders since the beginning of the repurchase programme.
Embedded AI and sustainability across the group
Investment in AI has been a key enabler of our success over the past 5 years. We now have over 550 data scientists as part of the Prosus AI community, and our AI assistant Toqan is now used by 13,000 employees across 24 portfolio companies.
A 100% reduction in absolute scope 1 and 2 GHG emissions by FY28. Reduce our absolute corporate scope 3 GHG emissions from air business travel by 30% by FY30. Our group reduction targets have been verified by The Science Based Targets initiative (SBTi).
For more information on Prosus Group, please take a look at our 2024 Annual Report.
About Prosus
Prosus is a global consumer internet group and one of the largest technology investors in the world.
Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more.
The team actively backs exceptional entrepreneurs using technology to improve people's everyday lives.
Each month, over two billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built.