Edition:
India

Delivery Hero Raises Full Year 2019 Revenue Guidance By 200 Mln Euros


Thursday, 20 Jun 2019 

June 19 (Reuters) - Delivery Hero SE ::DGAP-ADHOC: DELIVERY HERO SE: DELIVERY HERO RAISES FULL YEAR 2019 REVENUE GUIDANCE BY EUR 200 MILLION.DELIVERY HERO EXPECTS GROUP GROWTH RATES FOR ORDERS AND REVENUES IN Q2 OF 2019 TO BE SLIGHTLY HIGHER THAN IN Q1 2019.DELIVERY HERO- SEES HIGHER INVESTMENT RETURNS AND SIGNIFICANTLY RAISES ITS FULL YEAR 2019 REVENUE GUIDANCE BY EUR 200 MILLION TO BETWEEN EUR 1.3 AND 1.4 BILLION.ADJUSTED EBITDA FOR FIRST FIVE MONTHS OF 2019 IS IN LINE WITH ITS PREVIOUS GUIDANCE RANGE FOR FULL YEAR 2019.HIGHER GROWTH RATES WILL CONTINUE IN Q3 AND Q4 2019.DELIVERY HERO SEEKS TO OPPORTUNISTICALLY INVEST UP TO AN ADDITIONAL EUR 100 MILLION IN SECOND HALF 2019 IF RETURNS REMAIN ATTRACTIVE.SEGMENT FULL YEAR 2019 ADJUSTED EBITDA GUIDANCE FOR MENA AND EUROPE REMAINS SAME AFTER ANY ADDITIONAL INVESTMENTS.MENA SEGMENT IS EXPECTED TO GENERATE EUR 70 MILLION OF POSITIVE ADJUSTED EBITDA FOR FULL YEAR 2019.EUROPE SEGMENT IS EXPECTED TO BREAK EVEN IN SECOND HALF OF 2019. 

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