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04/26/2018

Delivery Hero reports its 2017 financials with revenue growth of 60% for the full year

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

26.04.2018 / 07:31
The issuer is solely responsible for the content of this announcement.


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
(LfL)
FY 2017 Change
(LfL)
  Group     Unit million /
EUR million
Unit 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
press@deliveryhero.com

Investor Relations Enquiries
Duncan McIntyre
Head of Investor Relations
ir@deliveryhero.com



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.
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