Delivery Hero SE: Delivery Hero Raises Full Year 2019 Revenue Guidance by EUR 200 million
Delivery Hero SE / Key word(s): Change in Forecast
Public disclosure of inside information according to Article 17 of Regulation (EU) No 596/2014 on market abuse (market abuse regulation - MAR)
Delivery Hero Raises Full Year 2019 Revenue Guidance by EUR 200 million
Berlin, 19 June 2019 - Delivery Hero Group ("Delivery Hero") sees higher investment returns and significantly raises its full year 2019 revenue guidance by EUR 200 million to between EUR 1.3 and 1.4 billion leading to near 100% year on year growth. Delivery Hero expects group growth rates for orders and revenues in the second quarter of 2019 to be slightly higher than in the first quarter 2019 and that these higher growth rates will continue in the third quarter and the fourth quarter 2019.
Delivery Hero's adjusted EBITDA for the first five months of 2019 is in line with its previous guidance range for full year 2019. Based on increased investment returns, Delivery Hero seeks to opportunistically invest up to an additional EUR 100 million in the second half 2019 if returns remain attractive.
The segment full year adjusted EBITDA guidance for MENA and Europe remains the same after any additional investments. The MENA segment is expected to generate EUR 70 million of positive adjusted EBITDA for the full year 2019 and the Europe segment is expected to break even in the second half of 2019.
Figures are adjusted for the divestments of India, foodora (Australia, France, Italy and the Netherlands) and Germany.
Revenues presented for Delivery Hero represent the total segment revenues prior to discounts.
Adjusted EBITDA is the earnings from continuing operations before income taxes, financial result, depreciation and amortization and non-operating earning effects. From January 2019 onwards, adjusted EBITDA reflects adoption of IFRS 16.
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.
|Company:||Delivery Hero SE|
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|EQS News ID:||827737|
|End of Announcement||DGAP News Service|