Quarterly Statement Q1 2024 Delivery Hero reports strong Q1 results, builds on strategy for profitable growth and cash generation -GMV growth of 8% YoY1 and Revenue growth of 21% YoY1. Revenue outlook raised to 18-21% YoY1 in FY2024 (previously 15-17% YoY1) -Gross Profit margin expanded by +60bps YoY to 7.7% -Glovo made strong strides towards profitability, expecting to deliver positive adj. EBITDA in H2 2024 -Successful refinancing leaves Company with an ample liquidity of EUR 1.8bn in pro-forma cash2 -Company continues strategic focus on optimizing geostrategy, rationalizing Dmart portfolio, and furthering global services adoption to streamline cost and performance |