Delivery Hero Q3 2017 results: revenues increasing 60% YoY on a like-for-like basis to EUR 137.9 million

Berlin, 2017-Nov-27 — /EPR Retail News/ — Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, continued its growth trajectory in the third quarter of 2017 with revenues increasing 60% year-over-year on a like-for-like basis to EUR 137.9 million (Q3 2016: EUR 86.1 million). All segments continued to contribute to the group’s growth. Delivery Hero generated revenues of EUR 384.4 million in the first nine months of 2017, an increase of 64% year-over-year on a like-for-like basis compared to the first nine months of the previous year.

Niklas Östberg, CEO of Delivery Hero, said:

“We have had another strong quarter and saw an impressive order and sales growth in all our markets. Overall, we are benefitting from a combination of structural market growth and the results of our ongoing investments in technology, marketing and the customer experience.”

Group financial performance nine months 2017 and Q3 2017:

  • Gross Merchandise Value (GMV) increased 48% year-over-year (like-for-like) in the first nine months of 2017 as Delivery Hero processed 206.1 million orders, an increase of 48% year-over-year, with a total GMV of EUR 2,727.9 million. In the third quarter of 2017 orders and GMV increased by 52% and 45% year-over-year, respectively (like-for-like).
  • Revenues grew in the first nine months of 2017 by 64% year-over-year (like-for-like) to EUR 384.4 million (9M 2016: EUR 235.0 million), driven by a strong order growth and an increase in take-rates. In Q3 2017 revenues were up 60% year-over-year (like-for-like).
  • On a constant currency basis, revenues increased by 69% year-over-year in the third quarter of 2017 on a like-for-like basis.
  • Growth across all regions on a like-for-like basis with nine months 2017 revenues in Europe growing by 39% (Q3 2017: +46%), in the MENA region (Middle East and North Africa) by 88% (Q3 2017: +91%), in Asia by 73% (Q3 2017: +47%) and in the Americas by 103% (Q3 2017: +80%).
  • Group take-rate improved in the first nine months of 2017 reaching 14.1% (9M 2016: 12.8%). Take-rates also increased across all regions: 17.3% in Europe (9M 2016: 16.1%), 10.8% in MENA (9M 2016: 9.2%), 15.6% in Asia (9M 2016: 13.7%) and 12.5% in the Americas (9M 2016: 10.3%).
  • Adjusted EBITDA has been developing as planned across all segments.
  • During the three months ended Sept 30 2017 the financial position of the group was primarily affected by the repayment of shareholder loans of EUR 190m and bank loans of EUR 110m.

Outlook confirmed and narrowed

Based on the strong business development during the first months of 2017, Delivery Hero confirms and narrows its full-year guidance with revenues at the top end of the guided range by approximately EUR 540 million and an adjusted EBITDA margin approximately -17% for the financial year 2017.

Disclaimer and further information

This information also contains forward-looking statements. These statements are based on the current view, expectations and assumptions of the management of Delivery Hero AG (“Delivery Hero”). Such statements are subject to known and unknown risks and uncertainties that are beyond Delivery Hero’s control or accurate estimates, such as the future market environment and the economic, legal and regulatory framework, the conduct of other market participants, the successful integration of newly acquired companies and the realization of expected synergy effects, as well as measures by public authorities. If any of these or other uncertainties and imponderables materialize, or if the assumptions, on which these statements are based, prove to be incorrect, actual results could differ materially from those expressed or implied by such statements. Delivery Hero does not warrant or assume any liability that the future development and future actual results will be consistent with the assumptions and estimates expressed in this report. Delivery Hero does not intend or assume any obligation to update forward-looking statements to reflect events or developments after the date of this report, except as required by law.

Due to rounding, it is possible that single figures in this and other documents do not add up exactly to the specified sum and that the percentages shown do not exactly reflect the absolute values to which they relate.

This document is also published in German. In the event of discrepancies, the German version of the report shall take precedence over the English translation.

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
press@deliveryhero.com

Investor Relations Enquiries:

Duncan McIntyre
Head of Investor Relations
ir@deliveryhero.com

Source: Delivery Hero Group

Naspers acquires Rocket Internet’s stake in Delivery Hero; increases its stake to 23.6%

BERLIN, Germany, 2017-Oct-02 — /EPR Retail News/ — Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, today announced that Naspers increased its stake in Delivery Hero from 10.6 percent to 23.6 percent by acquiring 22,359,857 shares that were previously held by Rocket Internet.

Naspers is one of the largest internet investors in the world, holding minority stakes in digital players such as Tencent, Mail.Ru or Flipkart.

Niklas Östberg, CEO of Delivery Hero, said:

“We know the Naspers management team for a couple of years and built very close and trustful relationships. They came in as a long-term shareholder, committed to Delivery Hero, committed to the vision and values of our company and management team. We are excited about their willingness to increase their stake as they have seen our business develop.

Bob van Dijk, CEO of Naspers, said:

“Delivery Hero is already the leading online food ordering and delivery marketplace in most of the countries in which it operates and our increased investment demonstrates our confidence in the long-term prospects for the company. The food delivery sector is still underpenetrated and growing rapidly across the world. Many markets have experienced significant traction already, but we believe the potential is far greater in high-growth markets than that observed in the West.”

The transaction is subject to regulatory approval, will be funded from existing resources, and is expected to close in the first quarter of 2018. 

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 AG

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

Deutsche Börse lists Delivery Hero shares in the SDAX market index

BERLIN, Germany, 2017-Sep-07 — /EPR Retail News/ — Deutsche Börse decided to include the shares of Delivery Hero AG in the SDAX market index, effective as of 18th September. In addition to the high transparency requirements of the Prime Standard, Delivery Hero AG fulfilled the relevant criteria regarding free-float market capitalisation and trading volume to be successfully admitted within its third month since public listing.

Delivery Hero shares made their trading debut on the Frankfurt Stock Exchange on June 30th 2017.

Niklas Östberg, CEO of Delivery Hero, commented:  “We are pleased with the decision as this marks yet another important milestone for our company after our recent capital markets debut in June 2017.”

 

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.

SOURCE: Delivery Hero AG

Media Enquiries

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

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 reports strong revenue growth in the first quarter of 2017

Berlin, 2017-May-23 — /EPR Retail News/ — Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, today reported strong revenue growth in the first quarter of 2017. Revenues nearly doubled to EUR 121 million (Q1 2016: EUR 63 million), corresponding to a growth rate of 93% or 68% on a like for like basis, while order numbers grew by 62% or 46% on a like for like basis.1, 2

Niklas Östberg, CEO of Delivery Hero, said:

“We continued on our growth path at the start of the year while also getting closer to profitability. We have continued to focus on creating an amazing takeaway experience and entered into new partnerships to expand our reach. This puts us in a strong position to maintain growth momentum throughout the year and in the medium term, while continuing to improve our profitability as we reach further scale.”

Group financial developments1:

  • Strong increase in first quarter (Q1) 2017 revenues by 93% to EUR 121 million (Q1 2016: EUR 63 million).
  • Growth across all regions with revenues in Europe growing by 44% (38% like for like2), Middle East & North Africa by 92% (87% like for like2), Asia by 222% (99% like for like2) and Americas by 131% (131% like for like2).

Key developments1:

  • Order numbers grew by 62% to 63 million in Q1 2017 (Q1 2016: 39 million), up 46% on a like for like basis2.
  • GMV8 up by 62% as Delivery Hero processed orders with a total merchandise value of EUR 846 million (Q1 2016: EUR 521 million), up by 49% on a like for like basis2.
  • On 1 April 2017, Delivery Hero announced a strategic partnership with AmRest, the largest publicly listed restaurant operator in Central Europe.
  • On 9 May 2017, Delivery Hero together with Starship Technologies launched robot food delivery in Europe.
  • On 10 May 2017, Lieferheld.de announced its partnership with McDonald’s.
  • Furthermore, in April 2017 Eric Lange, former VP Customer Experience at Indian e-Commerce marketplace Flipkart, became new Chief Product Officer.
  • On 12 May 2017, it was announced that Naspers, a global internet and entertainment group and one of the world’s largest technology investors, is investing EUR 387 million into newly issued and existing Delivery Hero shares and will also be represented with one member on Delivery Hero’s Supervisory Board.

 

Delivery Hero Group – financial results1

Q1 2017 Q1 2016 FY 2016
Group revenues (EUR in million) 121 63 2973
Total segment revenues (EUR in million) 118 62 290
Europe 47 33 141
MENA4 30 15 76
Asia5 32 10 49
Americas6 10 4 25
Total segment order numbers7  (in million) 63 39 171
Europe 17 13 52
MENA4 26 15 70
Asia5 14 7 30
Americas6 6 4 20
Total segment GMV8 (EUR in million) 846 521 2,324
Europe 273 209 851
MENA4 289 171 784
Asia5 205 100 457
Americas6 79 42 232

1 All numbers excluding UK operations (discontinued operations).

2 “Like for like” presents Delivery Hero’s results for the first three months of 2016 as if the acquisition of foodpanda had occurred on 1 January 2016 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 Hungerstation (included from July 2016).

3 Group Revenues include total segment revenues and other reconciling items. foodpanda was only acquired on 31 December 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 more number one market positions, a larger addressable market and a higher number of orders 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 5,000 employees.

Media Enquiries:

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

Source: Delivery Hero

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

Delivery Hero GmbH enters regional partnership with AmRest Holding SE

Berlin, 2017-Apr-05 — /EPR Retail News/ — Delivery Hero GmbH (“Delivery Hero”), a leading global online food ordering and delivery marketplace, announced today (1 April 2017) that it has entered a regional partnership with AmRest Holding SE (“AmRest”), the largest publicly listed restaurant operator in Central Europe. The partnership considerably strengthens Delivery Hero’s position in the region and the company’s global leadership position in online food ordering and delivery.

Under the agreement, AmRest acquires a 51% stake in Delivery Hero Poland (Restaurant Partner Polska Sp. z o.o., which operates the platform PizzaPortal.pl in Poland) through an investment in newly issued shares, while Delivery Hero’s stake will decrease to 49%. With this partnership, Delivery Hero will get an exclusive opportunity to add a wide variety of AmRest’s popular restaurants and brands across Poland to its food delivery platform. Furthermore, as part of the terms of the partnership, AmRest will bring its brands onto the Delivery Hero platforms DameJidlo.cz and NetPincér.hu in the Czech Republic and Hungary, respectively. The companies also agreed to explore opportunities for further cooperation in other Central and Eastern European countries.

Niklas Östberg, CEO of Delivery Hero, said: “With AmRest we gain a strong and well-established partner to drive forward our business in Poland and across Central and Eastern Europe. This is an ideal opportunity for us to gain an even stronger foothold in this key region as we continue to execute our strategy of achieving market leadership in the markets we operate in. The partnership combines AmRest’s operational excellence, unique brand portfolio and deep knowledge of the markets it operates in with our technology and our expertise to build an amazing online takeaway experience.”

Drew O’Malley, Chief Digital and Operations Officer at AmRest, added: “This exciting partnership is a key component of our AmRest Digital Strategy. Effectively, we are combining AmRest’s restaurant operational muscle and powerhouse brands like KFC and Pizza Hut with the technical know-how and digital operational capability of Delivery Hero’s PizzaPortal.pl with the ultimate goal of becoming the leader in the restaurant home delivery segment in Poland.”

AmRest is the largest independent chain-store/restaurant operator in Central and Eastern Europe with a growing international presence. AmRest holds the franchise rights to the KFC, Pizza Hut, Burger King and Starbucks brands in Poland and operates more than 1,100 restaurants in 13 countries (Poland, Czech Republic, Hungary, Russia, Romania, Serbia, Bulgaria, Croatia, Slovakia, Spain, France, Germany, China).

The transaction is expected to be closed within the next few weeks. The companies have agreed not to disclose the financial details of the transaction.

About Delivery Hero

Delivery Hero is a leading global online food ordering and delivery marketplace serving approximately 17 million active users through its online and mobile platforms across 40+ countries in Europe, the Middle East, Latin America and the Asia-Pacific region. Delivery Hero also offers premium food ordering and delivery in 51 cities across 10 countries. 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

AmRest to become Restaurant Partner Polska’s majority shareholder

Wroclaw, Poland, 2017-Apr-04 — /EPR Retail News/ — April 1st, 2017, AmRest Holdings SE („AmRest”, “the Company”) (WSE: EAT), the largest publicly listed restaurant operator in Central Europe, announces signing on March 31st, 2017 the Investment Agreement (the “IA”) with Delivery Hero GmbH, based in Berlin, Germany (“Delivery Hero”) and Restaurant Partner Polska Sp. z o.o., based in Łódź, Poland („RPP”). As a result of the, IA AmRest will acquire from Delivery Hero the newly issued shares in RPP and become its majority shareholder, holding 51% of total number of RPP shares. The outstanding 49% will remain in the possession of Delivery Hero,

Delivery Hero is the global leader in online food-ordering segment with more than 20 million orders processed monthly. RPP operates PizzaPortal.pl platform in Poland – an aggregator offering meals from 2,500+ different restaurants in ca. 400 cities in Poland. Convenient 3- step ordering process, wide selection of cuisines, online payment and quick delivery are key advantages for the PizzaPortal.pl users.

According to the IA, AmRest also intends to start partnerships within food-ordering marketplace through Delivery Hero’s subsidiaries in Czech Republic and Hungary – DameJidlo.cz and NetPincér.hu. Both platforms are the market leaders in online food ordering industry.

Intention of the parties is to finalize the transaction within next couple of weeks, which is a subject to condition precedents defined in IA.

Online food ordering is one of the fastest growing trends in restaurant industry. The importance and impact of new technologies in consumer foodservice sector is expected to gain ground. Following that trend, investment in Digital and food-ordering marketplace has become one of AmRest’s strategic priorities for the nearest future. The cooperation with Delivery Hero is expected to be advantageous for both parties and – most importantly – aimed at fulfilling the consumers’ expectations. The parties mutually agree that combination of AmRest’s operational excellence and unique brand portfolio with Delivery Hero’s broad expertise in online food ordering segment will significantly elevate customer’s experience. Superior quality of meals, best in class customer service and fast delivery will be the key success factors behind the partnership.

“This exciting partnership is a key component of our AmRest Digital Strategy. Effectively, we are combining AmRest’s restaurant operational muscle and powerhouse brands like KFC and Pizza Hut with the technical know-how and digital operational capability of Delivery Hero’s PizzaPortal.pl to instantly become the leader in the restaurant home delivery segment in Poland. This is the first time, to our knowledge, that a restaurant operator and a delivery aggregator have teamed up anywhere in the world, and the winner is clearly going to be the customer. We anticipate creating bold new ventures in this sector to ensure quality, variety, speed, and value to a level not seen before in the European restaurant delivery business.” – said Drew O’Malley, Chief Digital and Operations Officer at AmRest.

Niklas Östberg, CEO of Delivery Hero, said: “With AmRest we gain a strong and wellestablished partner to drive forward our business in Poland and across Central and Eastern Europe. This is an ideal opportunity for us to gain an even stronger foothold in this key region as we continue to execute our strategy of achieving market leadership in the markets we operate in.”

The transaction also fits within AmRest’s accelerated development of delivery channel, started by roll-out of delivery service in KFC Poland few years ago.

PizzaPortal.pl, DameJidlo.cz and NetPincér.hu platforms are expected to significantly enhance the operation of food delivery segment within AmRest.

The Management Board of AmRest believes that the partnership with Delivery Hero will make the offer of Company’s operated brands more accessible to new customers and substantially increase AmRest’s market share in delivery segment.

Contact:

Dorota Surowiec
IR Manager
+48 71 386 1235
dorota.surowiec@amrest.eu

Source: AmRest