Delivery Hero continues its strong growth in the first quarter of 2018
Delivery Hero Group (“Delivery Hero”), one of the leading global online food ordering and delivery marketplaces, 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.
Hans/ Pixabay
Niklas Östberg, CEO of Delivery Hero, said:
“We had a very good start to 2018 with continuing growth across our countries. We received a record 89 million orders in the first quarter – hitting a milestone of one million orders per day.“
Group financial performance Q1 2018 (like-for like):
-
Orders were up 48% to 89 million
Gross Merchandise Value (GMV) grew by 52% on a constant currency basis and by 38% on a reported currency basis to EUR 1,150 million
Group revenues grew by 61% on a constant currency basis and by 47% on a reported currency basis to EUR 171 million
Group take-rate improved reaching 14.8%
Since the start of the year Delivery Hero has made a number of acquisitions and investments including, Rappi (several countries in South America), Deliveras (Greece), Megabite (Ecuador), Netcomidas (Bolivia) and Pizza.hu (Hungary)
Outlook
Delivery Hero expects revenues between EUR 740 million and EUR 770 million and an adjusted EBITDA margin of between -8% and -5% for the full year 2018.
We are on track to reach our goal of breakeven on an adjusted EBITDA basis on a monthly level by the end of the fourth quarter 2018 and continue to have a strong balance sheet.
Other news from the department business & finance
More news from our other portals
Something is happening in the food & beverage industry ...
This is what true pioneering spirit looks like: Plenty of innovative start-ups are bringing fresh ideas, lifeblood and entrepreneurial spirit to change tomorrow's world for the better. Immerse yourself in the world of these young companies and take the opportunity to get in touch with the founders.