Delivery Hero Group to acquire the remaining shares in Korean food delivery platform Foodfly

Berlin, 2017-Sep-22 — /EPR Retail News/ — Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, today (20 September 2017 ) announced it has agreed to acquire the remaining shares in Foodfly, a fast-growing Korean food delivery platform based in Seoul. Before the transaction, Delivery Hero already held a fully diluted stake of 21 percent in Fly&Company Inc. operating the Foodfly business. Financial details of the transaction were not disclosed.

Foodfly operates a food delivery marketplace with own delivery services, allowing it to add restaurants to its platform that do not offer delivery services themselves. Currently Foodfly maintains partnerships with 1,700 restaurants in Seoul. These services will allow Delivery Hero in Korea, currently operating under the Yogiyo brand and the Baedaltong brand, to provide additional restaurant choice to the consumer.

Foodfly was founded in 2011 and is managed by CEO Eunseon Lim. The entire management team will stay on board going forward.

Niklas Östberg, CEO of Delivery Hero, said: “We know the Foodfly team for two years and are impressed by their achievements. We believe in strong local teams and believe that the Foodfly services complement our offering for Korean consumers.”

Eunseon Lim, CEO of Foodfly: “We are excited to join forces with Delivery Hero and look forward to exploring the future of food delivery as part of the global leader.”

About Delivery Hero

Delivery Hero is the leading global online food ordering and delivery marketplace with number one market positions in terms of restaurants, active users and orders in more countries than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. Delivery Hero also operates its own delivery service primarily in 60+ high-density urban areas around the world. The Company is headquartered in Berlin and has over 6,000 employees in addition to thousands of employed delivery drivers.

For more information, please visit www.deliveryhero.com.

Media Enquiries:

Bodo v. Braunmühl
Head of Corporate Communications
bodo.braunmuehl@deliveryhero.com

Source: Delivery Hero Group

Delivery Hero Group partners with The Coca-Cola Company

New collaboration marks the starting point of a strategic partnership in digital innovation, sales and marketing activities

Berlin, 2017-Aug-01 — /EPR Retail News/ — Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, announced today (31 July 2017) that it has entered into a strategic partnership with The Coca-Cola Company. This will mark a new way of collaborating in the field of online food ordering and delivery services.

Delivery Hero will allow for easier ordering of Coca-Cola beverages with the meals its consumers are ordering. The pairings are endless with Delivery Hero’s multiple restaurant choices and the vast choices of Coca-Cola products.

Campaigns and projects under this new partnership will be implemented in several markets where Delivery Hero operates.

Agron Rexhepi, Global Director of Sales of Delivery Hero, comments: “For several years, we have already worked with Coca-Cola successfully in several key markets like Turkey and Greece. We are now entering into a strategic partnership to deepen our cooperation. This will create a clear win-win-win scenario for both partners and our customers.”

Julie Bowerman, VP, Global Omni-Shopper & Ecommerce of Coca-Cola, adds: “Delivery Hero is making the lives of consumers better and easier by bringing them food and beverages where they want it, when they want it.  This is an exciting opportunity for both businesses to work together and deliver to our consumers around the world.

About Delivery Hero

Delivery Hero is the leading global online food ordering and delivery marketplace with number one market positions in terms of restaurants, active users and orders in more countries than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. Delivery Hero also operates its own delivery service primarily in 50+ high-density urban areas around the world. The Company is headquartered in Berlin and has over 6,000 employees in addition to thousands of employed delivery drivers.

Media Contact:
Bodo von Braunmühl
Head of Corporate Communication
bodo.braunmuehl@deliveryhero.com

Source: Delivery Hero Group

Delivery Hero Group to acquire Kuwait-based food delivery platform Carriage

Berlin, 2017-May-30 — /EPR Retail News/ — Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, announced today (29 May 2017 ) it has agreed to acquire Carriage, a young and fast-growing food delivery platform based in Kuwait and operating in the Gulf Council Countries (GCC).

Carriage operates a hybrid business model offering both, delivery marketplaces and own delivery services in the Middle East, allowing it to add restaurants to its marketplaces that either do not offer deliver services themselves or intend to discontinue their own delivery services. This hybrid business model reflects a wider shift across several regions with a growing demand of customers and restaurants for such combined services. The acquisition ensures that Delivery Hero will stay at the forefront of this shift.

Niklas Östberg, CEO of Delivery Hero, said: “Carriage is an innovative player in the Middle Eastern food delivery market with an excellent management team. It will be a perfect addition to our current offering under the Talabat brand and strengthen our foothold in this region, where we see significant growth potential.”

Abdullah Jihad Almutawa, CEO of Carriage: “We are delighted to join forces with the leading global player in our space and are excited about the new opportunities that lie ahead of us. Becoming part of Delivery Hero will strengthen our business and extend our reach considerably.”

Carriage was founded and is managed by CEO Abdullah Jihad Almutawa, CFO Musab Jihad Almutawa, COO Khaled Youssef Alqabandi, and CTO Jonathan Lau. The strong team of founders was key to the acquisition and will remain on board going forward. The company was founded in Kuwait and has extended into several other markets in the region.

The parties have agreed not to disclose financial details of the transaction.

About Delivery Hero

Delivery Hero is the leading global online food ordering and delivery marketplace with number one market positions in terms of restaurants, active users, gross merchandise value or website traffic, in more countries than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. Delivery Hero also operates its own delivery service primarily in 50+ high-density urban areas around the world. The Company is headquartered in Berlin and has over 6,000 employees.

Media Enquiries:

Bodo v. Braunmühl
Head of Corporate Communications
bodo.braunmuehl@deliveryhero.com

Source:  Delivery Hero Group

Delivery Hero Group grew revenues in 2016

Berlin, 2017-Apr-26 — /EPR Retail News/ — Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, further strengthened its leading market position in 2016 as full-year revenues grew by 79%1, and by 71% on a like for like basis1 2, compared to 2015 driven by organic and external growth.

Niklas Östberg, CEO of Delivery Hero, said:

“We had a fantastic year 2016 and we expect to continue on our strong growth trajectory in 2017 and in the medium term. To maintain this momentum, we will continue to invest into expanding our leadership in the online food ordering and delivery market. We are evaluating a variety of financing options at our disposal, including a potential IPO.”

Group financial developments1:

  • Substantial increase in full-year (FY) 2016 revenues by 79% to EUR 297 million (FY 2015: EUR 166 million), driven by organic and external growth.
  • Strong growth across all regions with revenues in Europe growing by 53% (52% like for like2), Middle East & North Africa (MENA) by 148% (82% like for like2), Asia by 54% (77% like for like2) and Americas by 117% (117% like for like2).
  • Significant improvement in results despite continued strong investment in further growth.

Key developments1:

  • Order numbers grew by 65% to 171 million in 2016 (FY 2015: 103 million), up 52% on a like for like basis2, making Delivery Hero the number one online food and delivery marketplace in the majority of the more than 40 countries in which it operates.
  • GMV up by 62% as Delivery Hero processed orders with a total merchandise value of EUR 2,324 million (FY 2015: EUR 1,430 million), up by 51% on a like for like basis2.
  • On December 31, 2016, Delivery Hero significantly expanded its geographic footprint through the acquisition and successful integration of the foodpanda Group (“foodpanda”), which added 20 countries to Delivery Hero’s portfolio, giving it access to markets where Delivery Hero sees particularly strong growth prospects, especially in the Middle East and South East Asia. On a pro forma basis, i.e., adding revenue of foodpanda to revenue of Delivery Hero as if foodpanda had been acquired as of January 1, 2016, Delivery Hero’s revenue would have been EUR 347 million in 2016.
  • The sale of hungryhouse Group in the UK for over £200 million in December 2016, which is subject to certain regulatory approvals and is expected to be completed in the course of 2017, rationalizes Delivery Hero’s global footprint, and underlines its strategy to remain focused on operating market leading brands globally.

Delivery Hero Group – full-year results 20161

FY 2016 FY 2015
Group revenues (EUR in million) 2973 166
Revenues per segment (EUR in million) 290 166
Europe 141 92
MENA4 76 30
Asia5 49 32
Americas6 25 11
Order numbers7 per segment (in million) 171 103
Europe 52 39
MENA4 70 32
Asia5 30 23
Americas6 20 10
GMV8 per segment (EUR in million) 2,324 1,430
Europe 851 663
MENA4 784 334
Asia5 457 309
Americas6 232 124

1 All numbers excluding UK operations (discontinued operations).

2 “Like for like” presents Delivery Hero’s results for 2015 and 2016 as if the acquisitions of foodpanda, Yemek Sepeti, Talabat and E-food had occurred on January 1, 2015 and excludes contributions from operations reported in discontinued operations as well as orders and GMV from Delivery Hero’s Chinese operations which were sold in the first half of 2016. No adjustments have been made for foodora (included from October 2015) and Hungerstation (included from July 2016).

3 Group Revenues include total revenues per segment and other reconciling items. Yemek Sepeti, Talabat and e-Food are only included from the time of their respective acquisition in 2015. foodpanda was only acquired on December 31, 2016, accordingly, no revenue contributions from foodpanda are included.

4 MENA: Middle East & North Africa, incl. Turkey

5 Asia: incl. Australia

6 Americas: incl. Canada

7 Order numbers capture the orders made by the end consumers in the presented period

8 GMV represents the value of goods including value added tax transmitted to restaurants, which is used as basis to assess the commissions.

About Delivery Hero

Delivery Hero is the leading global online food ordering and delivery marketplace with number one market positions in terms of restaurants, active users, gross merchandise value or website traffic, in more countries than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. Delivery Hero also operates its own last-mile food delivery primarily in 50+ high-density urban areas around the world.  The Company is headquartered in Berlin and has over 5,000 employees.

Disclaimer

This press release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of the Company (“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 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 only speak as at the date of this press 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.

Media Enquiries:

Bodo v. Braunmühl
Head of Corporate Communications
Delivery Hero
+49 (30) 544 45 9090

Source: Delivery Hero Group