Delivery Hero Achieves 2024 Targets with Robust Q4 Performance

Delivery Hero SE reported a significant achievement by hitting its FY 2024 targets, with an exceptional Q4 performance. The company's Group GMV rose by 8.3% year-on-year, notably accelerating to 27% outside Asia in Q4. Total Segment Revenue increased by 22% to €12.8 billion, while adj. EBITDA improved nearly €500 million, reaching about €750 million. For the first time, Delivery Hero reported a positive Free Cash Flow of approximately €100 million.

The company emphasized strong profitability, achieved through focused growth and operational strengthening in competitive markets. Their liquidity position was bolstered by listing talabat on the Dubai stock exchange, generating €1.8 billion and reducing net debt by 55% to €1.9 billion. CEO Niklas Östberg expressed pride in the team’s ability to grow revenues and profit margins.

Looking ahead, Delivery Hero anticipates an 8-10% increase in GMV and a 17-19% rise in Total Segment Revenue for FY 2025. Adj. EBITDA is projected between €975-1,025 million.