Delivery Hero

EQS-News: SGT German Private Equity – Strategic Focus on Artificial Intelligence

Retrieved on: 
Wednesday, April 10, 2024
EUR, Smartphone, Private equity, SGT, Intelligence, Internet, Acquisition, AI, Delivery Hero, SGF, German Startups Group

EQS-News: SGT German Private Equity GmbH & Co. KGaA

Key Points: 
  • EQS-News: SGT German Private Equity GmbH & Co. KGaA
    The issuer is solely responsible for the content of this announcement.
  • Frankfurt/Main, 13 March 2024 – SGT German Private Equity ("SGF"), a holding based in Frankfurt am Main, is now focusing entirely on artificial intelligence.
  • This promises much better earnings prospects than the traditional private equity business, which after many good years has recently generally encountered more difficult market conditions".
  • Christoph Gerlinger: "With artificial intelligence, a transformational tsunami is rolling towards all our lives and the companies.

EQS-News: Delivery Hero Announces Timeline for Departure of Chief Financial Officer Emmanuel Thomassin

Retrieved on: 
Wednesday, April 10, 2024
Financial management, Delivery Hero, Supervisory board, Thomassin, Frankfurt Stock Exchange, CFO, Management

Berlin, 25 March 2024 – Delivery Hero SE ("Delivery Hero", the "Company" or “the Group”), the world’s leading local delivery platform, today announced the departure date of Emmanuel Thomassin, Chief Financial Officer (CFO), who will be leaving to pursue another professional opportunity.

Key Points: 
  • Berlin, 25 March 2024 – Delivery Hero SE ("Delivery Hero", the "Company" or “the Group”), the world’s leading local delivery platform, today announced the departure date of Emmanuel Thomassin, Chief Financial Officer (CFO), who will be leaving to pursue another professional opportunity.
  • Thomassin, who joined Delivery Hero in January 2014, has played a pivotal role in the Company's financial management and strategic direction.
  • Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: "For a decade, Emmanuel has been instrumental in establishing our leadership position and financial strength.
  • Thomassin also brought the Group to its most recent major financial milestone in 2023, having reached its Free Cash Flow breakeven point.

EQS-News: Delivery Hero repurchases convertible bonds due in 2025 and 2026

Retrieved on: 
Wednesday, April 10, 2024
EUR, J. P. Morgan, THIS, AMERICA, Delivery Hero, HSBC Continental Europe, Security (finance)

Berlin, 20 March 2024 – Delivery Hero SE ("Delivery Hero" or the "Company"), the world’s leading local delivery platform, announces the results of its offer to buy back portions of its outstanding convertible bonds due 2025 and 2026.

Key Points: 
  • Berlin, 20 March 2024 – Delivery Hero SE ("Delivery Hero" or the "Company"), the world’s leading local delivery platform, announces the results of its offer to buy back portions of its outstanding convertible bonds due 2025 and 2026.
  • Delivery Hero has decided to repurchase EUR 409.2 million in aggregate principal amount of the convertible bonds due in 2025, meaning EUR 90.8 million in aggregate principal amount will remain outstanding.
  • The prices per EUR 100,000 nominal amount are EUR 94,750 for the convertible bonds due 2025, and EUR 89,250 for the convertible bonds due 2026.
  • The interests accrued per bond are EUR 170.67 for the convertible bonds due 2025, and EUR 404.37 per bond for the convertible bonds due 2026, in each case if settled on 26 March 2024.

EQS-News: Delivery Hero successfully completes syndication of USD financing transaction to optimize its capital structure

Retrieved on: 
Wednesday, March 13, 2024
CFO, Standard Chartered, USD, Delivery, J. P. Morgan, Delivery Hero, EUR, Morgan Stanley, Goldman Sachs, Barclays, ING, HSBC, UniCredit, Security (finance)

Delivery Hero intends to use at least EUR 300 million of the US Dollar Term Facility to repurchase selected outstanding convertible bonds due in 2025 and 2026.

Key Points: 
  • Delivery Hero intends to use at least EUR 300 million of the US Dollar Term Facility to repurchase selected outstanding convertible bonds due in 2025 and 2026.
  • Emmanuel Thomassin, CFO of Delivery Hero, said: "We are very pleased with the strong reception of our financing transaction in the debt capital markets.
  • UniCredit, HSBC, Barclays, Goldman Sachs, Morgan Stanley, ING and Standard Chartered acted as Joint Lead Arrangers on the US Dollar Term Facility.
  • White & Case LLP acted as legal advisor to Delivery Hero and Milbank LLP acted as legal advisor to the arrangers.

EQS-News: Delivery Hero terminates negotiations of a potential sale of its foodpanda business in selected markets in Southeast Asia

Retrieved on: 
Wednesday, March 13, 2024
Negotiation, Sale, Delivery Hero, Policy

Berlin, 21 February 2024 - Delivery Hero SE (“Delivery Hero”, the “Company” or the “Group”), the world’s leading local delivery platform, today announced that it has terminated discussions with the main negotiating counterpart regarding a potential sale of its foodpanda business in selected Southeast Asian markets covering Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos.

Key Points: 
  • Berlin, 21 February 2024 - Delivery Hero SE (“Delivery Hero”, the “Company” or the “Group”), the world’s leading local delivery platform, today announced that it has terminated discussions with the main negotiating counterpart regarding a potential sale of its foodpanda business in selected Southeast Asian markets covering Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos.
  • When reconfirming ongoing discussions on February 2, 2024, Delivery Hero remained optimistic that it would reach agreeable terms for signing with the main negotiating counterpart.
  • However, Delivery Hero took the decision to withdraw from negotiations as this is no longer the case.
  • However, Delivery Hero will only proceed with negotiations where it can create value for shareholders with high certainty of closing.

Topsort secures $20M Series A Funding to Lead Post-Cookie Advertising Revolution

Retrieved on: 
Monday, March 4, 2024
Topological sorting, Engineering, Name, Game theory, Coca-Cola, AI, 1-Click, Poshmark, Silicon, Connective tissue, Delivery Hero, Commerce, Advertising, API, Business, Ecosystem, KPI, General Mills, Artificial intelligence, Privacy, Capital, L'Oréal

SAN FRANCISCO, March 4, 2024 /PRNewswire/ -- Artificial intelligence and machine learning-based technology company, Topsort, today announces that it has raised $20 million in Series A funding. The round is led by Upload Ventures and returning seed round investors, Quiet Capital and Pear Ventures. The Series A round sees the company valued at $150 million.

Key Points: 
  • The Topsort platform is fueled by similar AI and ML models that power platforms in the 2020s AI revolution.
  • Essentially a large "prediction machine", Topsort works on a self-learning algorithm, using human feedback to maintain a constant state of improvement.
  • Brings Transparency to Retail Media Buying: Topsort offers 1-click sponsored listings across onsite searches with total return on advertising spend (ROAS) control.
  • "This funding round is further fueling our mission to accelerate the clean advertising revolution using AI and new age machine learning technology.

Circus Group CEO Nikolas Bullwinkel named 'Future Thinker' by Business Punk

Retrieved on: 
Friday, February 16, 2024
Robotics, Assertiveness, Punk, Delivery Hero, AI, Entrepreneurship, Watchlist, Cryptocurrency

Business Punk highlights Bullwinkel's pioneering efforts in robotics and AI development in the food service industry.

Key Points: 
  • Business Punk highlights Bullwinkel's pioneering efforts in robotics and AI development in the food service industry.
  • The influential business publication annually honors the most impactful founders, entrepreneurs, and thought leaders in Germany.
  • Hamburg, 16 February 2024 - Nikolas Bullwinkel, Co-founder and CEO of the Circus Group (Xetra: CA1.DE ), has been distinguished in Business Punk magazine's Watchlist for 2024.
  • Circus SE, based in Germany, leads in kitchen automation, revolutionizing global food service operations with its cutting-edge AI, robotics, and unique software solutions.

EQS-News: Delivery Hero delivers on its FY 2023 targets

Retrieved on: 
Wednesday, February 14, 2024
CFO, Growth, Delivery Hero, Yoy, EUR, GMV, Platform, FY, Stock, Food delivery

Successful execution on the growth strategy with a strong focus on profitability, cash generation and disciplined capital allocation

Key Points: 
  • Successful execution on the growth strategy with a strong focus on profitability, cash generation and disciplined capital allocation
    Fully delivered on its FY 2023 guidance.
  • EBITDA of EUR 725-775 million and a positive Free Cash Flow1
    Berlin, 14 February 2024 – Delivery Hero SE (“Delivery Hero”, the “Company” or the “Group”), the world’s leading local delivery platform, today released its Q4 2023 results, reaffirming that it had hit all of its ambitious targets for Q4 and FY 2023.
  • Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: “2023 was a landmark year for Delivery Hero as we saw our commitment to a rational growth strategy pay off.
  • Emmanuel Thomassin, CFO of Delivery Hero, said: “We started 2024 in a strong position to achieve our ambitious adjusted EBITDA and Free Cash Flow targets.

EQS-News: Delivery Hero announces preliminary results for Q4 2023, delivering on its FY 2023 targets and issuing guidance for FY 2024

Retrieved on: 
Monday, February 5, 2024
FY, Delivery Hero, Hero, Delivery, Free cash flow, Social group, Yoy, Entrepreneurship, GMV, Growth, Food delivery

Delivery Hero announces preliminary results for Q4 2023, delivering on its FY 2023 targets and issuing guidance for FY 2024

Key Points: 
  • Delivery Hero announces preliminary results for Q4 2023, delivering on its FY 2023 targets and issuing guidance for FY 2024
    The issuer is solely responsible for the content of this announcement.
  • Delivery Hero announces preliminary1 results for Q4 2023, delivering on its FY 2023 targets and issuing guidance for FY 2024
    Successful execution of Delivery Hero’s growth strategy with a strong focus on profitability, cash generation and disciplined capital allocation
    Fully delivered on its FY 2023 guidance.
  • EBITDA of EUR 725-775 million and a positive Free Cash Flow2
    Berlin, 5 February 2024 – Delivery Hero SE (“Delivery Hero”, the “Company” or the “Group”), the world’s leading local delivery platform, today publishes preliminary results for Q4 2023 and FY 2023, confirming that it has delivered on all guidance parameters for FY 2023.
  • Delivery Hero will publish its additional preliminary numbers for Q4 2023 in its Trading Update in combination with a conference call as previously scheduled on February 14, 2024.

EQS-News: Delivery Hero to monetize its minority investment

Retrieved on: 
Tuesday, January 30, 2024
Placement, Delivery, Book, Sale, Delivery Hero

Delivery Hero intends to place up to c. 68 Million Class A Shares in Deliveroo PLC

Key Points: 
  • Delivery Hero intends to place up to c. 68 Million Class A Shares in Deliveroo PLC
    Berlin, 29 January 2024 – Delivery Hero SE (“Delivery Hero”, the “Company”), the world’s leading local delivery platform, intends to place up to 68,206,076 Class A ordinary shares of Deliveroo PLC (“Deliveroo”) through an accelerated bookbuild offering with institutional investors (the “Placement”).
  • Barclays Bank Ireland PLC, Goldman Sachs Bank Europe SE and Morgan Stanley Europe SE are acting as Joint Bookrunners for the Placement.
  • The bookbuild will commence immediately, and the Joint Bookrunners reserve the right to close the books at any time.
  • Following settlement, the Company does not expect to hold any remaining shares in Deliveroo.