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MarketScreener Homepage  >  Equities  >  Xetra  >  Delivery Hero SE    DHER   DE000A2E4K43

DELIVERY HERO SE

(DHER)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 10/28 02:28:11 pm
98.01 EUR   +2.39%
01:17pEUROPE A SEA OF RED : German shares plunge up to 5% on emergency lockdown
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10:17aDELIVERY HERO : Gets a Buy rating from Jefferies
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07:25aEUROPE : European stocks tumble on new lockdown fears
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Delivery Hero sales leap during lockdowns

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04/28/2020 | 06:31am EDT
FILE PHOTO: The Delivery Hero headquarters is pictured in Berlin

German online takeaway food company Delivery Hero reported a near doubling in first-quarter orders and revenue on Tuesday and predicted that the rise of ordering meals and groceries from home would persist after the coronavirus crisis.

The Berlin-based company, which runs platforms for food delivery in 44 countries, said sales rose 92% to 515 million euros ($557 million). Though it suffered an initial negative effect from the coronavirus outbreak, the company said it has added 10% more new customers since the start of March.

It expects the pandemic will have a long-term impact on food ordering habits, noting that it has attracted more older customers who might not have ordered from home before, and is also upbeat about the prospects for delivering groceries.

"Delivery Hero is evidently having a 'good crisis'," said Jefferies analysts Giles Thorne and Sebastian Patulea.

The company's shares were up 6.6% at 0902 GMT.

Shares in rival Just Eat Takeaway jumped earlier this month after it reported that orders had recovered strongly from a dip in March when lockdowns were first imposed.

Delivery Hero saw a 26% rise in orders and a tripling of new customers in March for its ultra-fast delivery of groceries and pharmaceuticals from its 100 local warehouses in nine countries, mostly in the Middle East, Asia and Latin America.

The company aims to expand the service to have 400 warehouses by end of the year, with the business growing to a high single-digit percentage of sales by the end of the year, Chief Executive Niklas Ostberg told Reuters in an interview.

"We are just at the beginning of this... We believe we can grow this to the billions (of euros) or tens of billions over the next five to 10 years," he said.

Delivery Hero works with more than 500,000 restaurants in Europe, the Middle East, Latin America and Asia. It added 50,000 new restaurants to its platform in the last three weeks of March, as well as 1,500 grocery stores and pharmacies.

The firm confirmed its outlook for 2020 revenue of between 2.4 billion and 2.6 billion euros, saying it would be able to absorb higher costs due to the pandemic, particularly in the Middle East, where strict curfews have been imposed.

Other costs have included the launch of a support fund for delivery drivers, the distribution of face masks and sanitisers, additional marketing and free delivery for local restaurants, Ostberg told journalists.

"We can absorb those costs by slightly better performance during the rest of the year," he said.

The company also confirmed its outlook for an adjusted core profit margin of between negative 14% and negative 18% and for Europe to remain at breakeven during 2020.

Despite some restaurants switching to online delivery, Ostberg warned that many might not survive the pandemic, with those in the Middle East particularly hard hit by curfews.

"There will be restaurant fallout from this crisis," he said.

By Emma Thomasson


Stocks mentioned in the article
ChangeLast1st jan.
BYD COMPANY LIMITED 5.45% 149.1 End-of-day quote.283.78%
DELIVERY HERO SE 2.90% 97.32 Delayed Quote.39.60%
JUST EAT TAKEAWAY.COM N.V. -1.86% 97.34 Delayed Quote.19.15%
RISE, INC. -3.57% 27 End-of-day quote.-10.00%
THE NEW HOME COMPANY INC. -3.23% 5.22 Delayed Quote.6.22%
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All news about DELIVERY HERO SE
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Financials
Sales 2020 2 476 M 2 910 M 2 910 M
Net income 2020 -792 M -931 M -931 M
Net cash 2020 36,0 M 42,3 M 42,3 M
P/E ratio 2020 -25,7x
Yield 2020 -
Capitalization 19 063 M 22 559 M 22 400 M
EV / Sales 2020 7,68x
EV / Sales 2021 4,78x
Nbr of Employees 27 071
Free-Float 77,8%
Chart DELIVERY HERO SE
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Technical analysis trends DELIVERY HERO SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 114,57 €
Last Close Price 95,72 €
Spread / Highest target 41,0%
Spread / Average Target 19,7%
Spread / Lowest Target -2,84%
EPS Revisions
Managers
NameTitle
L. Niklas Östberg Chief Executive Officer
Martin Karl Enderle Chairman-Supervisory Board
Pieter-Jan Vandepitte Chief Operating Officer
Emmanuel Thomassin Chief Financial Officer
Christian Graf von Hardenberg Chief Technology Officer
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