Delivery Hero has changed its legal form from a German stock corporation (AG) to a European stock corporation (Societas Europaea, SE).
Prior to this, Delivery Hero had already reached an agreement with its employee representatives on co-determination in the future SE.
Delivery Hero announced today that it has sold its operations in Switzerland under the Foodarena brand to Takeaway.com.
The transaction price was not disclosed.
The inclusion of Delivery Hero AG is based on the fast entry rule; the company is eligible for the index inclusion due to its market capitalisation and order book turnover. The MDAX index tracks the 50 largest and most liquid German companies below DAX.
Delivery Hero 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.
Delivery Hero 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 plans to change its legal form from a Aktiengesellschaft (AG) to a Societas Europaea (SE) this year.