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MarketScreener Homepage  >  Equities  >  Xetra  >  Delivery Hero SE    DHER   DE000A2E4K43

DELIVERY HERO SE

(DHER)
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Nestle buys U.S. meal delivery group Freshly

10/30/2020 | 09:39pm EST
FILE PHOTO: FILE PHOTO: Logo of Nestle is seen in Konolfingen

ZURICH (Reuters) - Food group Nestle on Friday said it had bought U.S. meal delivery company Freshly in a deal valuing it at $950 million, with further potential payments or "earnouts" of up to $550 million.

The purchase marks another deal for Nestle boss Mark Schneider, who has bought and sold around 50 businesses since taking over in 2017.

Under Schneider, the world's largest packaged food group has been moving into faster-growing areas like premium coffee and pet food and away from slower categories like mass market candy and bottled water.

Freshly is a weekly subscription service delivering cooked meals that can be heated in three minutes. Nestle said Freshly's 2020 sales were forecast at $430 million and it ships more than one million meals per week.

"Consumers are embracing ecommerce and eating at home like never before. It's an evolution brought on by the pandemic but taking hold for the long term," Nestle USA head Steve Presley said in a statement.

Nestle acquired a minority stake in Freshly in 2017, as the lead investor in a $77 million funding round.

Other players in the food delivery market include meal kit companies HelloFresh and Blue Apron Holdings and takeaway food groups Delivery Hero and Just Eat Takeaway.

The Freshly transaction was closed on Friday, the Swiss food group said.

(Reporting by Brenna Hughes Neghaiwi; Additional reporting by Martinne Geller in London; Editing by Toby Chopra and Jane Merriman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BLUE APRON HOLDINGS, INC. -0.83% 7.21 Delayed Quote.28.98%
DELIVERY HERO SE -1.05% 126.95 Delayed Quote.-0.04%
HELLOFRESH SE -3.89% 61.85 Delayed Quote.-2.14%
JUST EAT TAKEAWAY.COM N.V. -4.72% 88.78 Real-time Quote.-3.92%
NESTLÉ S.A. 0.44% 100.88 Delayed Quote.-3.24%
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Financials
Sales 2020 2 502 M 3 022 M 3 022 M
Net income 2020 -824 M -996 M -996 M
Net Debt 2020 649 M 783 M 783 M
P/E ratio 2020 -32,5x
Yield 2020 -
Capitalization 26 500 M 32 040 M 31 998 M
EV / Sales 2020 10,8x
EV / Sales 2021 6,15x
Nbr of Employees 27 071
Free-Float 79,9%
Chart DELIVERY HERO SE
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Technical analysis trends DELIVERY HERO SE
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 14
Average target price 134,85 €
Last Close Price 126,95 €
Spread / Highest target 26,0%
Spread / Average Target 6,22%
Spread / Lowest Target -16,5%
EPS Revisions
Managers and Directors
NameTitle
L. Niklas Östberg Chief Executive Officer
Martin Karl Enderle Chairman-Supervisory Board
Pieter-Jan Vandepitte Chief Operating Officer
Emmanuel Thomassin Chief Financial Officer
Christian Graf von Hardenberg Chief Technology Officer
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