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    DHER   DE000A2E4K43

DELIVERY HERO SE

(DHER)
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PRESS RELEASE : Delivery Hero acquires hugo's food and grocery delivery verticals and expands its footprint in Central America and the Caribbean

10/14/2021 | 02:01am EST

DGAP-News: Delivery Hero SE / Key word(s): Acquisition/Agreement Delivery Hero acquires hugo's food and grocery delivery verticals and expands its footprint in Central America and the Caribbean 2021-10-14 / 08:00 The issuer is solely responsible for the content of this announcement.

----------------------------------------------------------------------------------------------------------------------- . Delivery Hero is acquiring hugo's core food delivery and quick commerce verticals in Central America andthe Caribbean . hugo is a leading food delivery app in Central America with strong presence in the Caribbean countries,operating as a multi-category marketplace for restaurants, grocery delivery, pharmacy delivery and more . The acquisition allows Delivery Hero to further strengthen its footprint in Central America as well asexpand operations to Jamaica . The transaction values hugo based on a run rate GMV of over USD 150 million and multiples in line withDelivery Hero and other precedent transactions

Berlin, 14 October 2021 - Delivery Hero SE ("Delivery Hero"), the world's leading local delivery platform, today announced that it has entered into an agreement with hugo to acquire the multi-category marketplace's core food delivery and quick commerce business in Central America and the Caribbean. Founded in 2017, hugo is currently active in over 40 cities across six countries: Guatemala, El Salvador, Honduras, Nicaragua, the Dominican Republic and Jamaica. With more than 800 employees and 1.3 million registered users, the company offers multi-category marketplace services for food delivery, grocery delivery, pharmacy delivery and e-commerce, as well as on-demand and financial services. The transaction is expected to close in Q1 2022 and subject to relevant regulatory approvals.

Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: "We are thrilled to further expand our strong footprint in Central America. With the acquisition of hugo's food and grocery delivery verticals, we are also giving an extra boost to our quick commerce operations locally. Alejandro and his team have built a successful track record in spotting potential in underserved markets and outperforming global industry peers. Today, we see even more growth and expansion opportunities for hugo, and we are excited to welcome them in our community of entrepreneurs to further push the boundaries of the delivery industry worldwide."

Alejandro Argumedo, CEO and Co-Founder of hugo, said: "I am very proud of the growth that our team has been able to achieve over the past four years. Because of our focus on local economic growth and social impact, hugo has become the preferred app for many businesses, drivers and customers across the region. I am personally excited to join forces with Delivery Hero, one of the largest food delivery companies in the world, so that together we can expand our reach and continue delivering world-class experiences to our customers and partners throughout the region."

ABOUT DELIVERY HERO Delivery Hero is the world's leading local delivery platform, operating its service in around 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 10 to 15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit www.deliveryhero.com

ABOUT HUGO hugo is the first and only Central American superapp and a leading player in 6 countries in Central America and the Caribbean. hugo is a multi-category marketplace offering on-demand delivery for restaurants, supermarkets and pharmacies; tools for e-commerce and digital payments; transport services; entertainment and ticketing for sporting events; capital investments for emerging startups in the region, and much more. Comprised of a team of over 800 young people who design 24 digital services for our users, hugo App is an entrepreneurial platform whereby thousands of visionary drivers and partners come together to accelerate the digital revolution in the region.

MEDIA CONTACT Kingsum Li Senior Specialist, Corporate Communications +49 151 112 086 22 press@deliveryhero.com INVESTOR RELATIONS CONTACT Christoph Bast Head of Investor Relations +49 160 30 13 435 ir@deliveryhero.com

DISCLAIMER This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE ("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 SE 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 included herein only speak as at the date of this 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.

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2021-10-14 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      Delivery Hero SE 
              Oranienburger Straße 70 
              10117 Berlin 
              Germany 
Phone:        +49 (0)30 5444 59 105 
Fax:          +49 (0)30 5444 59 024 
E-mail:       ir@deliveryhero.com 
Internet:     www.deliveryhero.com 
ISIN:         DE000A2E4K43 
WKN:          A2E4K4 
Indices:      DAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock 
              Exchange 
EQS News ID:  1240646 
 
End of News   DGAP News Service 
=------------ 

1240646 2021-10-14

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1240646&application_name=news

(END) Dow Jones Newswires

October 14, 2021 02:00 ET (06:00 GMT)

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Sales 2021 5 924 M 6 695 M 6 695 M
Net income 2021 -1 366 M -1 544 M -1 544 M
Net Debt 2021 1 472 M 1 663 M 1 663 M
P/E ratio 2021 -18,6x
Yield 2021 -
Capitalization 29 032 M 32 831 M 32 810 M
EV / Sales 2021 5,15x
EV / Sales 2022 3,46x
Nbr of Employees 43 838
Free-Float 67,9%
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Number of Analysts 22
Last Close Price 107,40 €
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Spread / Average Target 52,1%
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Managers and Directors
L. Niklas Ístberg Chief Executive Officer
Emmanuel Thomassin Chief Financial Officer
Martin Karl Enderle Chairman-Supervisory Board
Christian Graf von Hardenberg Chief Technology Officer
Pieter-Jan Vandepitte COO & Member-Management Board
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