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

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

13 Sep 2018

 by Press Team

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
(LfL)
Reported
Currency
Change (LfL)
Constant
Currency
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
Europe
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
MENA
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
Asia
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
Americas
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

 

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.

– 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: https://ir.deliveryhero.com/websites/delivery/English/3100/financial-reports.html

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

About Delivery Hero

Delivery Hero is a 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 high-density urban areas around the world. The Company is headquartered in Berlin and has over 17,000 employees.

For more information, please visit www.deliveryhero.com.

WKN: A2E4K4; ISIN: DE000A2E4K43.

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