Balance Sheet Delivery Hero SE

Equities

DHER

DE000A2E4K43

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Market Closed - Xetra Other stock markets 16:35:06 10/01/2025 GMT			5-day change	1st Jan Change
28.14 ^EUR	-1.61%		+1.22%	+3.76%

01-10	DELIVERY HERO : Buy rating from UBS	ZD
01-09	Delivery Hero in demand – Morgan Stanley positive for industry	DP

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Published financial data: DELIVERY HERO SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.24B	2.47B	5.86B	8.58B	9.94B
Total Revenues	1.24B	2.47B	5.86B	8.58B	9.94B
Cost of Goods Sold, Total	926M	1.98B	4.6B	6.35B	6.97B
Gross Profit	311M	494M	1.26B	2.23B	2.97B
Selling General & Admin Expenses, Total	950M	1.38B	2.65B	3.6B	3.55B
Provision for Bad Debts	8.8M	19.7M	35.4M	38.9M	30.9M
Other Operating Expenses	-8M	-6.4M	45.8M	12.9M	56M
Other Operating Expenses, Total	951M	1.4B	2.73B	3.65B	3.64B
Operating Income	-640M	-903M	-1.47B	-1.42B	-664M
Interest Expense, Total	-14.4M	-65.4M	-127M	-224M	-359M
Interest And Investment Income	7.6M	3.7M	7.3M	45.3M	127M
Net Interest Expenses	-6.8M	-61.7M	-120M	-179M	-232M
Income (Loss) On Equity Invest.	-99.7M	-86.7M	-179M	-121M	-7.4M
Currency Exchange Gains (Loss)	-4.8M	-161M	82M	-50.1M	-144M
Other Non Operating Income (Expenses)	59.2M	-144M	317M	-150M	-114M
EBT, Excl. Unusual Items	-692M	-1.36B	-1.37B	-1.92B	-1.16B
Merger & Related Restructuring Charges	-	-	-181M	-30M	-
Impairment of Goodwill	-1.9M	-	-85.9M	-742M	-858M
Gain (Loss) On Sale Of Investments	25.4M	-22.2M	21.8M	-14M	-1M
Gain (Loss) On Sale Of Assets	-2.2M	6.6M	648M	-65M	-1.4M
Asset Writedown	-	-	-	-	-140M
Other Unusual Items	7.2M	-16.3M	8.6M	-65.4M	-1M
EBT, Incl. Unusual Items	-663M	-1.39B	-958M	-2.83B	-2.16B
Income Tax Expense	26.5M	14.2M	138M	141M	142M
Earnings From Continuing Operations	-690M	-1.4B	-1.1B	-2.98B	-2.3B
Earnings Of Discontinued Operations	920M	-	-	-	-
Net Income to Company	230M	-1.4B	-1.1B	-2.98B	-2.3B
Minority Interest	1.1M	-1.9M	-3.6M	-14.9M	7.2M
Net Income - (IS)	231M	-1.4B	-1.1B	-2.99B	-2.3B
Net Income to Common Incl Extra Items	231M	-1.4B	-1.1B	-2.99B	-2.3B
Net Income to Common Excl. Extra Items	-689M	-1.4B	-1.1B	-2.99B	-2.3B
Per Share Items
Net EPS - Basic	1.22	-7	-4.47	-11.21	-8.57
Basic EPS - Continuing Operations	-3.62	-7	-4.47	-11.21	-8.57
Basic Weighted Average Shares Outstanding	190M	201M	246M	267M	268M
Net EPS - Diluted	1.22	-7	-4.47	-11.21	-8.57
Diluted EPS - Continuing Operations	-3.62	-7	-4.47	-11.21	-8.57
Diluted Weighted Average Shares Outstanding	190M	201M	246M	267M	268M
Normalized Basic EPS	-2.27	-4.24	-3.5	-4.55	-2.68
Normalized Diluted EPS	-2.27	-4.24	-3.5	-4.55	-2.68
Payout Ratio	-	-	-	-	-0.14
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	-585M	-808M	-1.25B	-1.13B	-407M
EBITA	-611M	-877M	-1.36B	-1.29B	-502M
EBIT	-640M	-903M	-1.47B	-1.42B	-664M
EBITDAR	-578M	-800M	-1.23B	-1.12B	-383M
Effective Tax Rate - (Ratio)	-3.99	-1.02	-14.42	-4.98	-6.57
Total Current Taxes	31.4M	56.9M	153M	169M	281M
Total Deferred Taxes	-4.9M	-42.7M	-14.9M	-27.8M	-139M
Normalized Net Income	-431M	-850M	-860M	-1.21B	-718M
Interest on Long-Term Debt	5.3M	60.1M	110M	22.3M	22.8M
Supplemental Operating Expense Items
Marketing Expenses	495M	632M	1.3B	1.47B	1.46B
Selling and Marketing Expenses	495M	632M	1.3B	1.47B	1.46B
General and Administrative Expenses	448M	742M	1.33B	2.12B	2.08B
Research And Development Expense From Footnotes	65M	129M	277M	456M	480M
Net Rental Expense, Total	6.6M	8.7M	15.7M	15M	24.1M
Imputed Operating Lease Interest Expense	12.48M	2.79M	4.18M	5.28M	12.22M
Imputed Operating Lease Depreciation	-5.88M	5.91M	11.52M	9.72M	11.88M
Stock-Based Comp., G&A Exp. (Total)	44.8M	86.1M	303M	326M	247M
Total Stock-Based Compensation	44.8M	86.1M	303M	326M	247M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	699M	2.92B	2.45B	2.42B	1.66B
Total Cash And Short Term Investments	699M	2.92B	2.45B	2.42B	1.66B
Accounts Receivable, Total	93.9M	101M	356M	521M	617M
Other Receivables	40.5M	44.5M	72.5M	80M	68.3M
Notes Receivable	-	-	-	3.2M	6.5M
Total Receivables	134M	146M	428M	604M	692M
Inventory	8.4M	36.1M	79.5M	141M	144M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	107M	235M	641M	365M	340M
Total Current Assets	950M	3.34B	3.59B	3.53B	2.83B
Gross Property Plant And Equipment	255M	459M	985M	1.32B	1.39B
Accumulated Depreciation	-66.8M	-129M	-329M	-557M	-687M
Net Property Plant And Equipment	188M	330M	656M	767M	702M
Long-term Investments	470M	697M	1.37B	520M	416M
Goodwill	767M	1.11B	5.89B	6.63B	5.49B
Other Intangibles, Total	280M	271M	1.1B	1.26B	970M
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	-	-	45.9M	2.1M	-
Deferred Tax Assets Long-Term	400K	100K	5.2M	4.6M	8.8M
Other Long-Term Assets, Total	17.5M	31.2M	32.6M	153M	70.4M
Total Assets	2.67B	5.77B	12.7B	12.86B	10.49B
Liabilities
Accounts Payable, Total	63.4M	96.6M	237M	321M	294M
Accrued Expenses, Total	81.8M	134M	296M	434M	454M
Short-term Borrowings	-	13.1M	2.2M	-	-
Current Portion of Long-Term Debt	-	-	-	12.8M	300M
Current Portion of Leases	29.7M	55.5M	93M	115M	106M
Current Income Taxes Payable	20.4M	36.3M	86.9M	137M	181M
Unearned Revenue Current, Total	4.5M	6M	26M	77.1M	77.2M
Other Current Liabilities	418M	658M	1.01B	1.31B	1.53B
Total Current Liabilities	618M	999M	1.75B	2.4B	2.94B
Long-Term Debt	-	2.95B	4.16B	5.24B	4.91B
Long-Term Leases	89.7M	126M	263M	317M	323M
Pension & Other Post Retirement Benefits	5.7M	18.5M	32.2M	20.9M	21.2M
Deferred Tax Liability Non Current	36.1M	26.4M	267M	288M	262M
Other Non Current Liabilities	53.8M	486M	736M	800M	374M
Total Liabilities	803M	4.61B	7.21B	9.07B	8.84B
Common Stock, Total	189M	199M	251M	265M	271M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-749M	-2.15B	-3.28B	-6.38B	-8.81B
Treasury Stock	-100K	-100K	-7.8M	-7.8M	-700K
Comprehensive Income and Other	2.43B	3.12B	8.51B	9.86B	10.19B
Total Common Equity	1.87B	1.16B	5.47B	3.74B	1.65B
Minority Interest	-2M	3.7M	16M	54M	-4.1M
Total Equity	1.87B	1.17B	5.49B	3.79B	1.65B
Total Liabilities And Equity	2.67B	5.77B	12.7B	12.86B	10.49B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	198M	249M	243M	257M	270M
ECS Total Common Shares Outstanding	189M	199M	243M	257M	270M
Book Value / Share	9.92	5.84	22.51	14.53	6.13
Tangible Book Value	825M	-213M	-1.52B	-4.15B	-4.8B
Tangible Book Value Per Share	4.37	-1.07	-6.25	-16.12	-17.79
Total Debt	119M	3.14B	4.52B	5.68B	5.64B
Net Debt	-580M	222M	2.07B	3.27B	3.98B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.1M	400K	32.2M	-7.8M	-6.5M
Debt Equivalent Oper. Leases	52.8M	69.6M	126M	120M	193M
Minority Interest, Total (Incl. Fin. Div)	-2M	3.7M	16M	54M	-4.1M
Equity Method Investments, Total	85.6M	295M	288M	9.9M	7.6M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	-	9.3M	12.3M	28.7M	20.9M
Inventories - Others	-	26.8M	67.2M	113M	123M
Land - (BS)	-	-	609M	820M	888M
Buildings, Total	-	244M	-	-	-
Machinery, Total	117M	215M	375M	504M	502M
Full Time Employees	24.62K	35.53K	52.01K	51.44K	44.61K
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.4M	9.3M	16.1M	29.1M	27.8M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	231M	-1.4B	-1.1B	-2.99B	-2.3B
Depreciation & Amortization - CF	53.8M	108M	210M	295M	237M
Amortization of Goodwill and Intangible Assets - (CF)	28.4M	25.8M	105M	125M	161M
Depreciation & Amortization, Total	82.2M	134M	314M	420M	398M
Amortization of Deferred Charges, Total - (CF)	13.1M	13.7M	36.1M	238M	363M
(Gain) Loss From Sale Of Asset	-959M	200K	-671M	16.2M	15.9M
(Gain) Loss on Sale of Investments - (CF)	800K	1M	-337M	178M	126M
Asset Writedown & Restructuring Costs	4.3M	1.2M	86M	730M	1B
Stock-Based Compensation (CF)	44.8M	86.1M	303M	326M	247M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	38.3M	411M	350M	210M	22.3M
Change In Inventories	-54.3M	-100M	-359M	-171M	-214M
Change In Accounts Payable	189M	295M	395M	250M	250M
Change in Other Net Operating Assets	44.2M	32.6M	81M	104M	63M
Cash from Operations	-365M	-530M	-901M	-689M	-19.5M
Capital Expenditure	-69.2M	-169M	-262M	-180M	-148M
Sale of Property, Plant, and Equipment	1.6M	-	-	12M	-
Cash Acquisitions	-133M	-400M	-1.36B	-30.5M	-7.9M
Divestitures	488M	-600K	660M	-200K	-300K
Sale (Purchase) of Intangible assets	-23.8M	-38M	-53.8M	-71.4M	-112M
Investment in Marketable and Equity Securities, Total	357M	-299M	-902M	189M	58.4M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-500K	-1.2M	-30.3M	-12.8M	-9.3M
Other Investing Activities, Total	7.6M	2.2M	800K	25.8M	50.1M
Cash from Investing	627M	-905M	-1.95B	-67.9M	-169M
Long-Term Debt Issued, Total	175M	3.23B	1.25B	1.07B	1B
Total Debt Issued	175M	3.23B	1.25B	1.07B	1B
Long-Term Debt Repaid, Total	-203M	-45.3M	-152M	-260M	-1B
Total Debt Repaid	-203M	-45.3M	-152M	-260M	-1B
Issuance of Common Stock	27.6M	590M	1.25B	3.6M	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-3.3M
Common & Preferred Stock Dividends Paid	-	-	-	-	-3.3M
Other Financing Activities, Total	-100K	-15M	-46.7M	-92.7M	-461M
Cash from Financing	-100K	3.76B	2.3B	718M	-466M
Foreign Exchange Rate Adjustments	-2.8M	-51.5M	19.1M	8.6M	-104M
Miscellaneous Cash Flow Adjustments	-	100K	100K	-	-
Net Change in Cash	260M	2.28B	-529M	-30.5M	-758M
Supplemental Items
Cash Interest Paid	200K	15M	46.7M	92.6M	173M
Cash Income Tax Paid (Refund)	15.3M	25.6M	66.1M	68.1M	198M
Levered Free Cash Flow	162M	-403M	-675M	360M	310M
Unlevered Free Cash Flow	171M	-362M	-595M	318M	248M
Change In Net Working Capital	-524M	-176M	15.3M	-652M	-200M
Net Debt Issued / Repaid	-27.6M	3.19B	1.09B	807M	-1.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-17.1	-13.36	-9.94	-6.94	-3.55
Return on Total Capital	-22.18	-17.9	-12.84	-9.1	-4.95
Return On Equity %	-39.6	-92.35	-32.97	-64.42	-85
Return on Common Equity	-39.49	-92.52	-33.18	-65.24	-85.52
Margin Analysis
Gross Profit Margin %	25.15	19.99	21.48	26.02	29.9
SG&A Margin	76.78	55.96	45.19	41.92	35.7
EBITDA Margin %	-47.24	-32.7	-21.32	-13.22	-4.1
EBITA Margin %	-49.4	-35.47	-23.3	-15.05	-5.05
EBIT Margin %	-51.7	-36.51	-25.09	-16.51	-6.68
Income From Continuing Operations Margin %	-55.74	-56.75	-18.73	-34.69	-23.18
Net Income Margin %	18.7	-56.82	-18.79	-34.86	-23.11
Net Avail. For Common Margin %	-55.66	-56.82	-18.79	-34.86	-23.11
Normalized Net Income Margin	-34.85	-34.38	-14.68	-14.14	-7.23
Levered Free Cash Flow Margin	13.08	-16.31	-11.52	4.19	3.12
Unlevered Free Cash Flow Margin	13.8	-14.65	-10.16	3.7	2.49
Asset Turnover
Asset Turnover	0.53	0.59	0.63	0.67	0.85
Fixed Assets Turnover	10.97	9.54	11.88	12.06	13.53
Receivables Turnover (Average Receivables)	17.07	25.37	25.65	19.57	17.47
Inventory Turnover (Average Inventory)	161.11	88.89	79.54	57.48	48.94
Short Term Liquidity
Current Ratio	1.54	3.34	2.05	1.47	0.96
Quick Ratio	1.35	3.07	1.64	1.26	0.8
Operating Cash Flow to Current Liabilities	-0.59	-0.53	-0.51	-0.29	-0.01
Days Sales Outstanding (Average Receivables)	21.38	14.43	14.23	18.65	20.89
Days Outstanding Inventory (Average Inventory)	2.27	4.12	4.59	6.35	7.46
Average Days Payable Outstanding	18.16	14.6	13.12	15.88	16.08
Cash Conversion Cycle (Average Days)	5.49	3.95	5.7	9.12	12.27
Long Term Solvency
Total Debt/Equity	6.39	269.13	82.28	149.91	342.11
Total Debt / Total Capital	6	72.91	45.14	59.98	77.38
LT Debt/Equity