Delivery Hero : Consensus (22 April 2024)

Company compiled consensus

Q1 2024

Consensus		# of
	estimates

Europe

FY 2024

Consensus		# of
	estimates

FY 2025

Consensus		# of
	estimates

GMV		2,069		13		8,550		13		9,373		13
Segment Revenue		426		13		1,782		13		2,009		13
adj. EBITDA					(65)		13		18		13
adj. EBITDA margin (%)					-0.8%		-		0.2%		-
MENA
GMV		2,591		13		11,282		13		12,637		13
Segment Revenue		720		13		3,181		13		3,592		13
adj. EBITDA					395		13		491		13
adj. EBITDA margin (%)					3.5%		-		3.9%		-
Asia
GMV		6,233		13		25,712		13		27,348		13
Segment Revenue		953		13		3,984		13		4,416		13
adj. EBITDA					530		13		688		13
adj. EBITDA margin (%)					2.1%		-		2.5%		-
Americas
GMV		613		13		2,683		13		3,028		13
Segment Revenue		169		13		751		13		857		13
adj. EBITDA					(9)		13		22		13
adj. EBITDA margin (%)					-0.3%		-		0.7%		-
Platform
GMV		11,507		-		48,401		-		52,657		-
Segment Revenue		2,268		-		9,697		-		10,873		-
adj. EBITDA					857		-		1,227		-
adj. EBITDA margin (%)					1.8%		-		2.3%		-
Integrated Verticals
GMV		630		13		2,657		13		2,940		13
Segment Revenue		600		13		2,542		13		2,809		13
adj. EBITDA					(107)		13		(31)		13
adj. EBITDA margin (%)					-4.0%		-		-1.0%		-
DH Group
GMV		11,507		13		48,401		13		52,657		13
Total Segment Revenue		2,809		13		11,968		13		13,364		13
adj. EBITDA					750		13		1,197		13
adj. EBITDA margin (%)					1.6%		-		2.3%		-
Free Cash Flow
adj. EBITDA					750		13		1,197		13
(+/-) Extraordinary effects (M&A and others)					-		-		-		-
(-) CAPEX					(268)		13		(277)		13
(+/-) Changes in Working Capital					25		12		25		12
(-) IFRS 16 Lease Payments					(152)		11		(154)		11
(-) Taxes					(260)		12		(296)		12
Unlevered FCF					95		-		495		-
FCF as a % of GMV					0.2%		-		0.9%		-
Net Interest					(180)		10		(179)		10

Note: (i) GMV - Integrated Verticals: GMV is accounted for in the respective Platform segments and shown in the Integrated Verticals segment for illustrative purposes only; (ii) Not all of the analysts participating in the consensus provide input on all of the forecasted lines above. This can then cause deviations if you add/subtract between totals; (iii) All values in EUR million unless otherwise stated.

The consensus is based on analysts' estimates collected by Delivery Hero SE until April 22nd, 2024. Overall, 13 analysts contributed to this company- compiled consensus. The consensus is calculated by taking the arithmetic average of the constituent analysts forecasts.