delivery hero, Pizza.de and Foodora get a new owner. Delivery Hero sold his business in Germany for approximately one billion euros to the Dutch rivals Takeaway, the brand Lieferando. Delivery Hero receives in return for cash and shares of the Takeaway.com in a volume of 930 million euros, according to the MDax-listed company on the night of Friday. Part of these inflows is going to invest Delivery Hero in further growth.
“bringing This transaction to the company many advantages and improves our positioning,” said Delivery Hero CEO Niklas Ostberg. “Notwithstanding the sale of the business in Germany, we are our revenue targets for 2019 will not only reach, but exceed them. At the same time, we are going to hold a proportion of takeaway.com and significantly more cash and cash equivalents.“
The company had delivered over a longer period of time, a struggle for supremacy in the German market, with Takeaway. Now it gives its German services to the rival. For Delivery and receives the information according to 508 million euros in cash and 9.5 million shares from the Takeaway to the value of 422 million euros. Delivery thus, in the future, around 18 per cent of Takeaway. The project should be completed in the first half of 2019.
The Berlin explained, about half of the cash should be reinvested. For the year 2019, a turnover of between 1.08 and 1.15 billion euros was expected. This would be planned with a loss (adjusted Ebitda) of between 270 and 320 million Euro.
Delivery Hero had prevailed until the beginning of November after a jump in sales of higher targets for the full year. In the summer, in 39 countries-active companies had announced an additional investment of 80 million euros. Due to the expenses of the Berlin postponed you first of all for the end of 2018, the goal, to make the adjusted operating result (Ebitda) profit.
Delivery Hero delivers with a Takeaway, JustEat, and Deliveroo from the UK, as well as Uber Eats a stiff competition. Berlin had focused increasingly on the delivery of the food orders via their own service Foodora, which is especially cost-intensive. For the German market, Delivery Hero had a last – measured by the revenue – industry leader saw.