02.08.2018
Delivery Hero SE DE000A2E4K43
DGAP-Adhoc: Delivery Hero SE: Delivery Hero SE reports revenues up by 60% in the first half of 2018 and invests further for growth by up to EUR 80 million
DGAP-Ad-hoc: Delivery Hero SE / Key word(s): Strategic Company
Decision/Change in Forecast
Delivery Hero SE: Delivery Hero SE reports revenues up by 60% in the first
half of 2018 and invests further for growth by up to EUR 80 million
02-Aug-2018 / 07:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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AD-HOC RELEASE
Public disclosure of inside information according to Article 17 para. 1 of
the Regulation (EU) No 596/2014 on market abuse (Market Abuse Regulation -
MAR)
Delivery Hero SE reports revenues up by 60% in the first half of 2018 and
invests further for growth by up to EUR 80 million
Berlin, August 2 2018 - Today, Delivery Hero SE ("Delivery Hero") has
decided to opportunistically deploy up to EUR 80 million in order to take
advantage of positive business performance and an increasing food delivery
market. Delivery Hero has identified clear opportunities to invest at
attractive returns and to further build leadership positions. These
investments will be allocated across marketing, restaurant coverage,
technology and product capabilities in the second half of 2018. At the same
time, Delivery Hero reports its first half-year revenues up by 60% on a
like-for-like and constant currency basis and by 48% reported.
Delivery Hero expects the planned investments to increase revenues by EUR 9
million in 2018 and EUR 25 million in 2019, with continued incremental
future revenues from returning customers.
Driven by these investments and positive business performance, Delivery Hero
raises its revenue guidance by EUR 35 million and expects full year revenues
of between EUR 760 million and EUR 780 million in 2018, after adjustments of
EUR 20 million for planned divestments. 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, as
Delivery Hero expects to continue investing at similar levels during the
course of 2019, and for the full year 2019, as previously intended.
Definitions:
- Revenues presented for Delivery Hero Group represent the total segment
revenues
- Adjusted EBITDA is the earnings from continuing operations before income
taxes, financial result, depreciation and amortization and non-operating
earning effects
- Adjusted EBITDA margin is adjusted EBITDA divided by revenues
For further information on financial performance measures used by Delivery
Hero including reconciliations, see Delivery Hero's 2017 annual report.
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Media Enquiries
Bodo v. Braunmühl, Head of Corporate Communications, Delivery Hero
[email protected]
+49 (30) 544 45 9090
Investor Enquiries
Duncan McIntyre, SVP Corporate Finance & Investor Relations, Delivery Hero
[email protected]
+49 (30) 544 45 9072
Disclaimer
This release may contain forward looking statements, 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," "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. Forward-looking statements are based on the
current views, expectations and assumptions of the management of Delivery
Hero SE and involve significant known and unknown risks and uncertainties
that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. 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. Any forward-looking statements included herein
only speak as at the date of this release. We undertake no obligation, and
do not expect to publicly update, or publicly revise, any of the
information, forward-looking statements or the conclusions contained herein
or to reflect new events or circumstances or to correct any inaccuracies
which may become apparent subsequent to the date hereof, whether as a result
of new information, future events or otherwise. We accept no liability
whatsoever in respect of the achievement of such forward-looking statements
and assumptions.
Contact:
Julia Schmidtmann
Legal Counsel
Additional information:
Language: English
Company: Delivery Hero SE
Oranienburger Strasse 70
10117 Berlin
Germany
Phone: +49 30 544 45 9090
Email: [email protected]
Internet: www.deliveryhero.com
ISIN: E000A2E4K43
WKN: A2E4K4
Listed: Regulated Market in Frankfurt (Prime Standard); Open Market in
Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
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02-Aug-2018 CET/CEST 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 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 Announcement DGAP News Service
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710279 02-Aug-2018 CET/CEST
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