Delivery Hero SE: directors' dealings · Germany · BaFin

About Delivery Hero SE

Delivery Hero SE is a German listed group in the local delivery and on-demand commerce space, traded on Xetra/Frankfurt (DAX/MDAX/SDAX) in Germany. Founded in 2011 in Berlin, the company was built around a digital platform model connecting consumers, restaurants, local merchants, couriers and, increasingly, quick-commerce infrastructure. Its headquarters are in Berlin, and the company traces its origins back to Niklas Östberg’s earlier online food-ordering venture launched in Sweden in 2008. Delivery Hero now describes itself as the world’s leading local delivery platform and operates in roughly 65 countries across four continents, with a particularly strong footprint in Asia, the Middle East and Latin America. The business started with restaurant meal delivery, but the platform has expanded well beyond that original use case. Delivery Hero is now positioning itself as an “Everyday App,” aiming to serve a broader set of daily consumer needs: groceries, household essentials, health and beauty items, flowers, coffee, medicine and other convenience categories. Its main business lines therefore include food delivery marketplaces, own-delivery operations, subscription products, quick commerce, Dmarts (delivery-only dark stores) and a growing AdTech layer. Strategically, this diversification is designed to lift order frequency, increase basket sizes and improve unit economics across the network. From a competitive standpoint, Delivery Hero is one of the global leaders in local delivery, supported by a portfolio of well-recognised regional brands such as talabat, foodpanda, Hungerstation, Yemeksepeti and PedidosYa. The company’s moat is based on scale, geographic breadth, logistics know-how and the ability to monetise multi-vertical customer relationships. Its strongest positions are often in markets where local execution, density and fast fulfilment matter more than simple marketplace reach. Recent news points to a more disciplined financial phase. In February 2026, Delivery Hero reported preliminary FY 2025 results showing like-for-like growth in GMV and segment revenue, alongside free cash flow above €200 million. In March 2026, audited FY 2025 results confirmed adjusted EBITDA growth, a second consecutive year of positive free cash flow, and an agreement to sell foodpanda Taiwan to Grab for $600 million. Management also reiterated a strategy focused on profitable growth, capital structure optimisation and shareholder-value creation. On 12 May 2026, the company announced that co-founder and CEO Niklas Östberg would hand over the CEO role by 31 March 2027. For investors, Delivery Hero remains a structurally attractive global platform business, but one that is increasingly judged on profitability, capital allocation and execution rather than pure top-line expansion.