Delivery Hero reports a strong first quarter 2021 and sets total segment revenue guidance at EUR 6.1-6.6 billion for the full year
Next to sustainability, diversity and inclusion continues to be one of the focus areas for Delivery Hero in 2021. Delivery Hero recently announced the creation of a new D&I Advisory Board, becoming one of the first DAX30 companies to announce such an initiative. The mission of the Advisory Board is to provide regular advice and act as a sounding board for the D&I program, strengthen the global inclusion work across the group, as well as being ambassadors within and outside the organization - championing D&I at Delivery Hero and beyond.Annual Report 2020 Today, Delivery Hero also released its 2020 Annual Report. Orders for the full year reached 1.3 billion, an increase of 96% YoY (2019: 666 million). GMV increased by 66% YoY to EUR 12.4 billion (2019: EUR 7.4 billion), with total segment revenues exceeding the initial guidance for the full year 2020 of EUR 2.4 billion to EUR 2.6 billion with EUR 2.8 billion, up 95% YoY (2019: EUR 1.5 billion). The underlying adjusted EBITDA margin (as percentage of total segment revenue) prior to the additional investments stood at -16%, in line with the guidance of -14% to -18%. The year was marked by M&A (i.e. Glovo's Latin American business, InstaShop), organic entries (i.e. Japan) and partnerships (i.e. Mastercard).Financial position Following the capital increase in January this year and the recent closing of the transaction with Woowa in March as well as the financing of the operating business, Delivery Hero's financial position remains solid.
Delivery Hero - Key Performance Indicators Q1 2021
? Q1 2020 Q1 2021 ? EUR million EUR million Orders (Unit million) Group 352.2 662.8 %YoY Growth 85.8% 88.2% %OD Orders 38.1% 47.9% Asia 223.3 430.6 MENA 84.7 140.0 Europe 25.4 47.0 Americas 18.7 45.2 Integrated Verticals 4.3 17.0 GMV Group 1,2 4,240.0 7,769.5 %YoY Growth (RC) 3 61.4% 83.2% %YoY Growth (CC) 4 - 92.2% Asia 2,800.6 5,129.4 MENA 1,2 956.8 1,537.5 Europe 320.5 682.4 Americas 1,2 162.1 420.2 Integrated Verticals 45.7 193.2 Total Segment Revenues Group 1,2 631.3 1,361.3 Inter Company Eliminations 5 (1.0) (20.9) %YoY Growth (RC) 3 96.7% 115.6% %YoY Growth (CC) 4 - 128.6% Asia 290.8 629.5 MENA 1,2 202.3 325.6 Europe 57.5 136.6 Americas 1,2 37.8 107.0 Integrated Verticals 43.8 183.5
Americas and MENA revenues, adjusted EBITDA, Gross Merchandise Value (GMV) as well as the respective growth rates are impacted by the Argentinian and Lebanese operations qualifying as hyperinflationary economies according to IAS 29 beginning 1 September 2018 and October 2020 respectively. Includes Reported Currency growth rates for Argentina and Lebanon in the Constant Currency calculations due to the effects of hyperinflation in the respective countries. Reported Currency Growth. Constant Currency Growth. Difference between total segment revenue and the sum of segment revenues is mainly due to inter company eliminations for services charged by the Platform Businesses to the Integrated Verticals Businesses.
ABOUT DELIVERY HERO Delivery Hero is the world's leading local delivery platform, operating its service in over 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 10 to 15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit www.deliveryhero.com
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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.?Offsetting of Latin American markets excludes Glovo's operations as this entity was acquired during the 2020 reporting year
28.04.2021 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. Archive at www.dgap.deLanguage: English Company: Delivery Hero SE Oranienburger Stra?e 70 10117 Berlin
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