02.08.2018
Delivery Hero SE DE000A2E4K43
DGAP-News: Delivery Hero continues its strong performance with revenues up by 60% and invests further for growth
DGAP-News: Delivery Hero SE / Key word(s): Interim Report
Delivery Hero continues its strong performance with revenues up by 60% and
invests further for growth
02.08.2018 / 07:37
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Berlin, 2 August 2018 - Delivery Hero Group ("Delivery Hero"), one of the
leading global online food ordering and delivery marketplaces, continues its
growth path in the first half of 2018 with a 60% increase in revenues. Given
the positive business performance and growing food delivery market, Delivery
Hero will increase investments to take advantage of opportunities it has
across the business.
Niklas Östberg, CEO of Delivery Hero, said:
"We have had an excellent first half with continued high growth across the
business. We have seen the food delivery market continue to expand and this
is opening up many new opportunities to invest across our countries. As we
have said at IPO, our core focus remains on growth and further strengthen
our leadership positions to continue creating long-term shareholder value."
Group financial performance H1 2018:
* Orders grew by 46% to 184 million
* Gross Merchandise Value (GMV) grew by 50% on constant currency and by
37% as reported to EUR 2,359 million
* Revenues grew by 60% on constant currency and by 48% as reported to EUR
357 million
* Group take-rate improved to 15.1% from 14.0% in the prior corresponding
period
* Preliminary adjusted EBITDA margin at -15%, on track with management
expectations
* Delivery Hero continues to execute on its M&A strategy to consolidate
and focus on leadership positions:
* Acquisition of hipMenu, an online food delivery marketplace in
Romania with leadership positions in many cities and strong
management team
* Acquisition of iFood's online food delivery operations in Argentina
to strengthen our leadership position in that market
* Investment in Glovo of EUR 51m the leading European, on-demand and
multi- vertical delivery platform based in Spain with operations in
Spain, Italy, France and many other markets, making Delivery Hero
the largest minority shareholder
* Divestment of our operations in Brazil to iFood
* Planned divestment of our operations in Australia, France, Italy and
Netherlands
Outlook
Delivery Hero will opportunistically deploy up to EUR 80 million for
additional investments in the second half of 2018 to take advantage of
positive business performance and increasing food delivery market. Delivery
Hero has identified clear opportunities to invest at attractive returns and
to continue to strengthen its leadership positions.
These investments will be allocated across marketing, restaurant coverage,
technology and product capabilities and are expected to generate incremental
revenues of EUR 9 million in 2018 and EUR 25 million in 2019, with continued
future revenues from returning customers.
Delivery Hero expects to continue investing at similar levels during the
course of 2019 which will also add to incremental customers and revenues.
Delivery Hero raises its revenue guidance by EUR 35 million, driven by
positive business performance and additional investments. After adjustments
for planned divestments with expected revenues of EUR 20 million, Delivery
Hero expects to achieve full year revenues of between EUR 760 million and
EUR 780 million in 2018.
Delivery Hero is on track with its previous full year adjusted EBITDA
guidance prior to the additional investments that will reduce adjusted
EBITDA by up to EUR 80 million. As a result of the investments, Delivery
Hero does not expect to reach breakeven on an adjusted EBITDA basis in
December 2018 on a monthly level and for the full year 2019, as previously
intended.
Key Performance Indicators H1 2018:
Q2 Q2 Reporte- Constan- H1 H1 Reporte- Constan-
2018 2017 d t 2018 2017 d t
(LfL) Currenc- Currenc- (LfL) Currenc- Currenc-
y y y y
Change Change Change Change
(LfL) (LfL) (LfL) (LfL)
Gr- Unit Unit % % Unit Unit % %
ou- millio- millio- millio- millio-
p n / n / n / n /
EUR EUR EUR EUR
millio- millio- millio- millio-
n n n n
Or- 94.6 65.8 44% 44% 183.7 126.0 46% 46%
de-
rs
GM- 1,209 892 36% 48% 2,359 1,723 37% 50%
V
Re- 186 126 48% 60% 357 242 48% 60%
ve-
nu-
es
Eu-
ro-
pe
Or- 22.7 17.9 27% 27% 45.2 35.2 28% 28%
de-
rs
GM- 337 278 21% 22% 684 551 24% 25%
V
Re- 58 48 19% 20% 116 96 22% 22%
ve-
nu-
es
ME-
NA
Or- 44.2 28.3 56% 56% 85.4 53.9 58% 58%
de-
rs
GM- 479 313 53% 74% 919 602 53% 75%
V
Re- 67 33 104% 130% 123 62 98% 126%
ve-
nu-
es
As-
ia
Or- 18.9 12.9 47% 47% 36.7 24.5 50% 50%
de-
rs
GM- 285 206 38% 44% 551 397 39% 48%
V
Re- 46 33 41% 47% 88 62 41% 50%
ve-
nu-
es
Am-
er-
ic-
as
Or- 8.8 6.7 31% 31% 16.5 12.4 32% 32%
de-
rs
GM- 108 94 14% 46% 204 174 17% 48%
V
Re- 16 12 34% 68% 30 22 37% 71%
ve-
nu-
es
Definitions
* Gross Merchandise Value (GMV) is the total value of orders (including
VAT) transmitted to restaurants.
* Like-for-like figures exclude the results of our disposed operations in
India. In 2017, India revenues were EUR2.3m in Q1, EUR2.6m in Q2,
EUR2.5m in Q3 and EUR2.5m in Q4. The results of smaller acquisitions and
disposals are not adjusted for.
* Revenues presented for Delivery Hero Group represent the total segment
revenues.
Financial Calendar 2018:
Date Event
Sep 13, 2018 Half-Year Report 2018
Nov 7, 2018 Q3/9M Trading Update 2018
Disclaimer
The presentation contains forward looking statements, other estimates,
opinions and projections with respect to anticipated future performance of
Delivery Hero SE ("Forward-looking Statements"). These Forward-looking
Statements can be identified by the use of forward-looking terminology,
including the terms "believes", "estimates", "anticipates", "expects",
"intends", "aims", "plans", "predicts", "may", "will" or "should" or, in
each case, their negative, or other variations or comparable terminology.
These Forward-looking Statements include all matters that are not historical
facts. They appear in a number of places throughout this press release and
include statements regarding Delivery Hero SE's intentions, beliefs or
current expectations concerning, among other things, Delivery Hero SE's
prospects, growth, strategies, the industry in which it operates and
potential or ongoing acquisitions. By their nature, Forward-looking
Statements involve significant risks and uncertainties, because they relate
to events and depend on circumstances that may or may not occur in the
future. Forward-looking Statements should not be read as guarantees of
future performance or results and will not necessarily be accurate
indications of whether or not such results will be achieved. Similarly, past
performance should not be taken as an indication of future results, and nor
representation or warranty, express or implied, is made regarding future
performance. The development of Delivery Hero SE's prospects, growth,
strategies, the industry in which it operates, and the effect of
acquisitions on Delivery Hero SE may differ materially from those made in or
suggested by the Forward-looking Statements contained in this presentation
or past performance. In addition, even if the development of Delivery Hero
SE's prospects, growth, strategies and the industry in which it operates are
consistent with the Forward-looking Statements contained in this
presentation or past performance, those developments may not be indicative
of Delivery Hero SE's results, liquidity or financial position or of results
or developments in subsequent periods not covered by this presentation. Any
Forward-Looking Statements only speak as at the date of this press release
is provided to the recipient and it is up to the recipient to make its own
assessment of the validity of any Forward-looking Statements and
assumptions. No liability whatsoever is accepted by Delivery Hero SE in
respect of the achievement of such Forward-looking Statements and
assumptions.
About Delivery Hero
Delivery Hero is one of 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 14,000
employees.
For more information, please visit www.deliveryhero.com.
WKN: A2E4K4; ISIN: DE000A2E4K43.
Investor Relations Enquiries
Duncan McIntyre
SVP Corporate Finance & Head of Investor Relations
[email protected]
Media Enquiries
Bodo v. Braunmühl
Head of Corporate Communications
[email protected]
---------------------------------------------------------------------------
02.08.2018 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
---------------------------------------------------------------------------
Language: English
Company: Delivery Hero SE
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: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC
QX, SIX, Vienna Stock Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
710305 02.08.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Delivery Hero SE ISIN: DE000A2E4K43 können Sie bei EQS abrufen
E-Commerce , A2E4K4 , DHER , XETR:DHER