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    DHER   DE000A2E4K43

DELIVERY HERO SE

(DHER)
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Delivery Hero : receives approval for an extension of the implementation period to divest Yogiyo

07/22/2021 | 02:38am EDT

Berlin, 22 July 2021 - Delivery Hero SE ('Delivery Hero'), the world's leading local delivery platform, today received the approval from the Korea Fair Trade Commission ('KFTC') to extend the period of implementation of the remedial order requesting Delivery Hero to divest all its shares in Delivery Hero Korea LLC ('Yogiyo') by August 2, 2021 for another five months. The divestiture is therefore now required to take place by January 2, 2022.

Delivery Hero is currently negotiating the divestiture. The remaining process will continue to be fully compliant with the applicable contractual terms and regulations, as well as the remedies required by the KFTC.

Delivery Hero had announced the purchase of shares in, and the establishment of a joint venture with the management of, Woowa Brothers Corp. ('Woowa'), on December 13, 2019. Following the written decision on conditional approval issued by the KFTC on February 2, 2021, Delivery Hero announced that all actions to close the transaction with Woowa were taken on March 3, 2021.

DISCLAIMER

This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE ('forward-looking statements'). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believes,' 'estimates,' 'anticipates,' 'expects,' 'intends,' 'may,' 'will' or 'should' or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

Disclaimer

Delivery Hero SE published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 06:37:04 UTC.


© Publicnow 2021
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Financials
Sales 2021 5 920 M 6 973 M 6 973 M
Net income 2021 -1 408 M -1 659 M -1 659 M
Net Debt 2021 1 369 M 1 613 M 1 613 M
P/E ratio 2021 -20,4x
Yield 2021 -
Capitalization 30 831 M 36 272 M 36 317 M
EV / Sales 2021 5,44x
EV / Sales 2022 3,66x
Nbr of Employees 43 838
Free-Float 70,2%
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Mean consensus BUY
Number of Analysts 22
Last Close Price 123,85 €
Average target price 162,35 €
Spread / Average Target 31,1%
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Managers and Directors
L. Niklas Östberg Chief Executive Officer
Emmanuel Thomassin Chief Financial Officer
Martin Karl Enderle Chairman-Supervisory Board
Christian Graf von Hardenberg Chief Technology Officer
Pieter-Jan Vandepitte COO & Member-Management Board
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