DGAP-Adhoc: Delivery Hero SE expects its food delivery business to break even during the second half of 2022

2022. január 10., hétfő, 22:20





DGAP-Ad-hoc: Delivery Hero SE / Key word(s): Forecast


Delivery Hero SE expects its food delivery business to break even during the second half of 2022


10-Jan-2022 / 22:20 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Public disclosure of inside information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse (Market Abuse Regulation - MAR)



Delivery Hero SE expects its food delivery business to break even during the second half of 2022



Berlin, 10 January 2022 - Based on the latest review of the financial information, including the recent acquisition of GlovoApp23, S.L. ("Glovo"), Delivery Hero SE ("Delivery Hero" or the "Company", ISIN: DE000A2E4K43, Frankfurt Stock Exchange: DHER) announces that it expects its food delivery business to break even during the second half of 2022 and to generate between EUR 0 and 100 million in adjusted EBITDA in the fourth quarter of 2022, while investments related to its quick commerce business are predicted to peak in the first quarter of 2022 and gradually decline thereafter. Delivery Hero reconfirms its long-term adjusted EBITDA/GMV margin target of 5-8% on a group level.



This outlook takes into account the acquisition of additional shares in Glovo, a pioneering multi-category delivery app and one of the world"s leading delivery companies, announced on December 31, 2021, which will result in Delivery Hero holding approx. 83% in Glovo, on a non-diluted basis.



Regarding the definition of the alternative performance measures, adjusted EBITDA and GMV, as well as related information, the Company refers to the corresponding definition in its 2020 Annual Report, which has been published on the Company"s website.



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Responsible person for this publication:



Christoph Bast

Head of Investor Relations







Investor Relations Press
Contact:

Christoph Bast

Head of Investor Relations

ir@deliveryhero.com
Contact:

Kingsum Li

Corporate & Financial Communications

press@deliveryhero.com

 

Disclaimer:



This release may contain forward looking statements, 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," "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. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. 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. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.











10-Jan-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de





























Language: English
Company: Delivery Hero SE

Oranienburger Straße 70

10117 Berlin

Germany
Phone: +49 (0)30 5444 59 105
Fax: +49 (0)30 5444 59 024
E-mail: ir@deliveryhero.com
Internet: www.deliveryhero.com
ISIN: DE000A2E4K43
WKN: A2E4K4
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock Exchange
EQS News ID: 1266998





 
End of Announcement DGAP News Service




1266998  10-Jan-2022 CET/CEST







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