Delivery Hero continues its strong growth in the first quarter of 2018
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):
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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.
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