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 | 02 Aug 2018

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.


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.


- 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.


Media Enquiries
Bodo v. Braunmühl, Head of Corporate Communications, Delivery Hero
+49 (30) 544 45 9090

Investor Enquiries
Duncan McIntyre, SVP Corporate Finance & Investor Relations, Delivery Hero
+49 (30) 544 45 9072


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.

Julia Schmidtmann
Legal Counsel

Additional information:
Language: English
Company: Delivery Hero SE
Oranienburger Strasse 70
10117 Berlin
Phone: +49 30 544 45 9090
ISIN: E000A2E4K43
Listed: Regulated Market in Frankfurt (Prime Standard); Open Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

02-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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