Delivery Hero continues its strong performance with revenues up by 60% on a constant currency basis

DGAP-News | 13 Sep 2018

DGAP-News: Delivery Hero SE / Key word(s): Half Year Results

13.09.2018 / 07:30
The issuer is solely responsible for the content of this announcement.

Berlin, 13 September 2018 - Delivery Hero Group ("Delivery Hero"), one of the leading global online food ordering and delivery marketplaces, publishes its half-year 2018 results.

Niklas Östberg, CEO of Delivery Hero, said:

"We had a fantastic first six months of 2018 with continued growth across the business and are very pleased with the start of the third quarter."

Key Highlights for the H1 2018 Group Financial Performance:

- Orders grew by 45.8% to 183.7 million

- Gross Merchandise Value (GMV) grew by 36.9% to EUR 2,358.7 million like for like and by 50.0% on a constant currency adjusted basis

- Revenues grew by 47.7% to EUR 356.9 million like for like and by 60.5% on a constant currency adjusted basis

- Adjusted EBITDA margin at -15.4% in line with previous announcement and on track with management expectations

Key Performance Indicators H1 2018:

      H1 2018 H1 2017
Change (LfL)
Change (LfL)
  Group   EUR million EUR million % %
  Orders (Unit Million)   183.7 126.0 45.8 45.8
  GMV   2,358.7 1,723.4 36.9 50.0
  Total Segment Revenue   356.9 241.6 47.7 60.5
  Adj. EBITDA   -54.8 -40.4 -35.7 -39.4
  EBITDA Margin (%)   -15.4 -16.7    
  Orders   45.2 35.2 28.4 28.4
  GMV   684.3 551.4 24.1 24.7
  Segment Revenue   116.2 95.5 21.6 22.3
  Adj. EBITDA   -27.8 -25.5 -9.2 -9.5
  EBITDA Margin (%)   -24.0 -26.7    
  Orders   85.4 53.9 58.3 58.3
  GMV   918.9 601.7 52.7 75.4
  Segment Revenue   123.3 62.3 97.9 126.1
  Adj.. EBITDA   9.0 15.5 -41.8 -23.6
  EBITDA Margin (%)   7.3 24.8    
  Orders   36.7 24.5 49.8 49.8
  GMV   551.4 396.5 39.1 47.5
  Segment Revenue   87.8 62.2 41.2 49.9
  Adj. EBITDA   -18.0 -19.4 7.3 -1.0
  EBITDA Margin (%)   -20.4 -31.1    
  Orders   16.5 12.4 32.4 32.4
  GMV   204.2 173.9 17.4 48.1
  Segment Revenue   29.6 21.5 37.2 70.6
  Adj. EBITDA   -18.0 -11.0 -63.9 -87.9
  EBITDA Margin (%)   -61.0 -51.1    


- 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.

- Constant currency financial information represents like-for-like figures applying same foreign currency exchange rates in H1 2018 as in H1 2017.

- Revenues presented for Delivery Hero Group represent the total segment revenues.

Additional Information:

The full Half-Year Report 2018 can be downloaded on the Delivery Hero website, via the following link:

On 7 November 2018 Delivery Hero will publish its Q3 Trading Update 2018.

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

WKN: A2E4K4; ISIN: DE000A2E4K43.

Investor Relations Enquiries

Duncan McIntyre

SVP Corporate Finance & Head of Investor Relations
Media Enquiries

Bodo v. Braunmühl

Head of Corporate Communications


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.

13.09.2018 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.

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