26.04.2018
Delivery Hero AG DE000A2E4K43
DGAP-News: Delivery Hero reports its 2017 financials with revenue growth of 60% for the full year
DGAP-News: Delivery Hero AG / Key word(s): Final Results
Delivery Hero reports its 2017 financials with revenue growth of 60% for the
full year
26.04.2018 / 07:31
The issuer is solely responsible for the content of this announcement.
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Delivery Hero reports its 2017 financials with revenue growth of 60% for the
full year
Berlin, 26 April 2018 - Delivery Hero Group ("Delivery Hero"), a leading
global online food ordering and delivery marketplace, maintained its strong
growth trajectory in 2017 with revenues up 60% to EUR 544.2 million and an
improved adjusted EBITDA margin of -17%. Delivery Hero outperformed its
revenue guidance for the full year and met the targeted adjusted EBITDA
margin of -17%.
Delivery Hero confirms a strong start to trading for the year and is on
track to reach its goal of breakeven on an adjusted EBITDA basis on a
monthly level by the end of Q4 2018.
Key Highlights for the full year group financial performance:
- Total orders increased by 48% in the full year to 291.5 million.
- Gross Merchandise Value (GMV) increased by 46% in the full year to EUR
3,824.3 million.
- Revenues increasing by 60% to EUR 544.2 million. On a constant currency
basis, revenues increased by 65% on the same period.
- Adjusted (Adj.) EBITDA Margin improved for the group from -34% in 2016 to
-17% in 2017.
Additional Information:
The full 2017 annual report can be downloaded on the Delivery Hero website,
via the following link:
https://ir.deliveryhero.com/websites/delivery/English/3100/financial-reports.html
On 09 May 2018, Delivery Hero will publish its Q1 Quarterly Statement 2018.
Key Performance Indicators Full Year:
FY 2016 FY 2017 Change
(LfL) (LfL)
Group Unit million / Unit million /
EUR million EUR million
Orders 197.1 291.5 48%
GMV 2,617.8 3,824.3 46%
Revenues 340.6 544.2 60%
Adj. EBITDA -115.8 -94.2
Europe
Orders 57.2 73.3 28%
GMV 900.4 1,160.5 29%
Revenues 146.7 198.8 36%
Adj. EBITDA -48.8 -45.5
MENA
Orders 75.5 123.1 63%
GMV 868.9 1,369.9 58%
Revenues 82.0 153.3 87%
Adj. EBITDA 18.3 23.9
Asia
Orders 44.9 67.6 51%
GMV 616.7 924.4 50%
Revenues 87.1 144.8 66%
Adj. EBITDA -65.6 -47.1
Americas
Orders 19.6 27.5 41%
GMV 231.8 369.5 59%
Revenues 24.8 47.4 91%
Adj. EBITDA -19.7 -25.4
- All numbers are excluding UK operations (discontinued operations).
- LfL (Like-for-Like): "Like for like" presents Delivery Hero's comparative
2016 results as if the acquisition of foodpanda had occurred on 1 January
2016 and excludes contributions from operations reported in discontinued
operations. In addition, please note that:
- No adjustments have been made for Hungerstation (first fully consolidated
in July 2016).
- Asia KPIs exclude our former operations in China, which were sold in May
2016.
- All numbers are including India operations, with for full year 2017:
- Orders: 11.6 million
- GMV: EUR 57.5 million
- Revenues: EUR 9.9 million
- Group GMV for FY 2017 was slightly adjusted compared to the full-year 2017
trading update, as it was previously underestimated by c. EUR 0.4 million in
Europe for the same period. Finally, MENA GMV, Americas orders and Americas
revenues for FY 2017 had a minor decimal rounding update.
Disclaimer and further information
This information also contains forward-looking statements. These statements
are based on the current view, expectations and assumptions of the
management of Delivery Hero AG ("Delivery Hero"). Such statements are
subject to known and unknown risks and uncertainties that are beyond
Delivery Hero's control or accurate estimates, such as the future market
environment and the economic, legal and regulatory framework, the conduct of
other market participants, the successful integration of newly acquired
companies and the realization of expected synergy effects, as well as
measures by public authorities. If any of these or other uncertainties and
imponderables materialize, or if the assumptions, on which these statements
are based, prove to be incorrect, actual results could differ materially
from those expressed or implied by such statements. Delivery Hero does not
warrant or assume any liability that the future development and future
actual results will be consistent with the assumptions and estimates
expressed in this report. Delivery Hero does not intend or assume any
obligation to update forward-looking statements to reflect events or
developments after the date of this report, except as required by law.
This document is also published in German. In the event of discrepancies,
the German version of the report shall take precedence over the English
translation.
About Delivery Hero
Delivery Hero is the leading global online food ordering and delivery
marketplace with number one market positions in terms of restaurants, active
users and orders in more countries than any of its competitors and online
and mobile platforms across 40+ countries in Europe, the Middle East & North
Africa (MENA), Latin America and the Asia-Pacific region. Delivery Hero also
operates its own delivery service primarily in 60+ high-density urban areas
around the world. The Company is headquartered in Berlin and has over 6,000
employees in addition to thousands of employed delivery drivers.
For more information, please visit www.deliveryhero.com.
WKN: A2E4K4; ISIN: DE000A2E4K43.
Media Enquiries
Bodo v. Braunmühl
Head of Corporate Communications
[email protected]
Investor Relations Enquiries
Duncan McIntyre
Head of Investor Relations
[email protected]
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26.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Delivery Hero AG
Oranienburger Straße 70
10117 Berlin
Germany
Phone: +49 (0)30 5444 59 000
Fax: +49 (0)30 5444 59 024
E-mail: [email protected]
Internet: www.deliveryhero.com
ISIN: DE000A2E4K43
WKN: A2E4K4
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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