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05/09/2018

Delivery Hero continues its strong growth in the first quarter of 2018

DGAP-News: Delivery Hero continues its strong growth in the first quarter of 2018

DGAP-News: Delivery Hero AG / Key word(s): Quarterly / Interim Statement

09.05.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


Berlin, 9 May 2018 - Delivery Hero Group ("Delivery Hero"), one of the leading global online food ordering and delivery marketplaces, continues its growth path in the first quarter of 2018 with group revenues increasing by 61% on a like-for-like and constant currency basis and by 47% on a like-for-like and reported currency basis.

Niklas Östberg, CEO of Delivery Hero, said:

"We had a very good start to 2018 with continuing growth across our countries. We received a record 89 million orders in the first quarter - hitting a milestone of one million orders per day."

Group financial performance Q1 2018 (like-for like):

  • Orders were up 48% to 89 million
  • Gross Merchandise Value (GMV) grew by 52% on a constant currency basis and by 38% on a reported currency basis to EUR 1,150 million
  • Group revenues grew by 61% on a constant currency basis and by 47% on a reported currency basis to EUR 171 million
  • Group take-rate improved reaching 14.8%
  • Since the start of the year Delivery Hero has made a number of acquisitions and investments including, Rappi (several countries in South America), Deliveras (Greece), Megabite (Ecuador), Netcomidas (Bolivia) and Pizza.hu (Hungary)

Outlook

Delivery Hero expects revenues between EUR 740 million and EUR 770 million and an adjusted EBITDA margin of between -8% and -5% for the full year 2018.

We are on track to reach our goal of breakeven on an adjusted EBITDA basis on a monthly level by the end of the fourth quarter 2018 and continue to have a strong balance sheet.

 

Key Performance Indicators Q1 2018:

      Q1 2018 Q1 2017
(LfL)
Reported
Currency
Change
(LfL)
Constant Currency Change
(LfL)
  Group   Unit million /
EUR million
Unit million /
EUR million
% %
  Orders   89.1 60.2 48% 48%
  GMV   1,150.1 831.5 38% 52%
  Revenues   170.5 115.8 47% 61%
  Europe          
  Orders   22.5 17.2 30% 30%
  GMV   347.8 273.3 27% 28%
  Revenues   58.7 47.1 25% 25%
  MENA          
  Orders   41.1 25.7 60% 60%
  GMV   439.8 288.5 52% 77%
  Revenues   56.6 29.6 92% 122%
  Asia          
  Orders   17.8 11.6 53% 53%
  GMV   266.4 190.3 40% 51%
  Revenues   41.5 29.3 42% 53%
  Americas          
  Orders   7.7 5.8 34% 34%
  GMV   96.1 79.4 21% 51%
  Revenues   13.8 9.8 41% 73%
 

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
Jun 6, 2018 Annual General Meeting
Sep 13, 2018 Half-Year Report 2018
Nov 7, 2018 Q3/9M interim statement 2018

 

Disclaimer

The presentation contains forward looking statements, other estimates, opinions and projections with respect to anticipated future performance of Delivery Hero AG ("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 AG's intentions, beliefs or current expectations concerning, among other things, Delivery Hero AG'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 AG's prospects, growth, strategies, the industry in which it operates, and the effect of acquisitions on Delivery Hero AG 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 AG'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 AG'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 AG 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.

Media Enquiries
Bodo v. Braunmühl
Head of Corporate Communications
bodo.braunmuehl@deliveryhero.com
+49 (0)30 5444 59 000

Investor Relations Enquiries
Duncan McIntyre
Head of Investor Relations
ir@deliveryhero.com
+49 (0)30 5444 59 000



09.05.2018 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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