Delivery Hero reports strong performance in Q1

26-Apr-2019 - Germany

Delivery Hero Group ("Delivery Hero"), one of the leading global online food ordering and delivery marketplaces, reported strong financial performance for Q1 2019. Delivery Hero has sustained its strong growth through successful deployment of investments, expansion of leadership and delivery capabilities. In Q1 2019, revenue grew by 93% year-on-year on a constant currency basis.

Niklas Östberg, CEO of Delivery Hero, commented: "We had a great first quarter with an impressive step up in order volumes as we continue to invest across our early stage markets. Today's result is due to our focus on increasing restaurant selection, providing greater access to our services, operationally improving our platforms and continued excellent execution by our local teams. With a strong start to trading in the second quarter we look forward to the year." (dpa)

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