DGAP-News

Delivery Hero’s Q2 2022 results confirm accelerated trajectory towards profitability

DGAP-News: Delivery Hero SE / Key word(s): Quarterly / Interim Statement Delivery Hero’s Q2 2022 results confirm accelerated trajectory towards profitability 16.08.2022 / 07:30 The issuer is solely responsible for the content of this announcement. In Q2 2022, Delivery Hero reached a Gross Merchandise Value (GMV) of EUR 9.9 billion (+18% YoY), while Total Segment Revenue grew by 38% YoY, reaching EUR 2.1 billion Delivery Hero’s FY 2022 guidance which was already updated in July has been confirmed. Including Glovo, the Group forecasts GMV between EUR 44.7 billion to EUR 46.9 billion, Total Segment Revenue between EUR 9.8 billion to EUR 10.4 billion, and an adjusted EBITDA/GMV margin between -1.5% to -1.6% For Q3 2022, Delivery Hero anticipates a GMV growth of 7% QoQ to EUR 10.6 billion (EUR 11.5 billion including Glovo) The Company expects its Platform business[1] to achieve adjusted EBITDA break-even during Q3 2022, including Glovo The Company has improved its liquidity position with total cash of EUR 2.9 billion available By joining the United Nations Global Compact, Delivery Hero underlines its commitment to sustainable practices in all business areas   Berlin, 16 August 2022 – Delivery Hero SE (“Delivery Hero”, the “Company” or the “Group”), the world’s leading local delivery platform, concludes Q2 2022 with Gross Merchandise Value (GMV) growing 18% YoY to EUR 9.9 billion and a Total Segment Revenue increase of 38% YoY, leading up to EUR 2.1 billion. With a new record high contribution margin in own-delivery[2], driven by Asia and Europe segments, and increased market share in key regions, the Company wraps up a successful second quarter despite continued easing of COVID restrictions. The strong performance confirms the Company’s current guidance issued on 22 July 2022, upholding its long-term target to achieve an adjusted EBITDA/GMV margin of 5-8%, and creates a robust momentum for Q3 2022. Based on the first six weeks of GMV data, Delivery Hero anticipates a GMV growth of 7% QoQ to EUR 10.6 billion (EUR 11.5 billion including Glovo) in Q3 2022, where the Asia Platform business expects a GMV growth of 8% QoQ to EUR 7 billion.