The efood order delivery service sector finished 2022 with a strong performance, as it shows noticeable changes in the basic figures.
According to the financial statements of Online Delivery, a subsidiary of Delivery Hero in Greece, turnover last year increased by 20.2% to 135.6 million euros compared to 2021. Increased by 27% in 36,8 million euros appear in EBITDA, with net profits showing an even greater positive change of 42.6% to 25.2 million euros. Revenue from other services amounted to 11.5 million euros, while 3.8 million euros came from services offered to related entities.
In its announcement, the company states that the largest percentage of its revenues came from the commissions of the cooperating stores, as they reached 88.2 million euros, from 77.15 million euros in 2021. The revenues from services to the platform’s customers, which in 2022 amounted to 32 million euros from 24.4 million euros a year earlier.
Having recorded a year of strong performance, the company decided to distribute a total of 22 million euros in dividends to its shareholders for 2022 -following the relevant approval by the general meeting of shareholders held on October 18, 2022-, against 20 million .euro in 2021.
The company’s management notes that the increase in revenue is based on the overall increase in orders, the greater use of the company’s services by stores (b2b), which relate to the possibilities of promoting businesses and their products on the platform, and the overall increase in online shopping by consumers.
On the other hand, the increase in orders and the consequent increase in distribution activity and distributor fees, combined with increased advertising expenses, led to a rise in the company’s expenses from 66.8 million euros in 2021 to 78 .4 million euros in 2022.
It should be noted that 2022 was a year in which Delivery Hero launched a new electronic payment service. Delivery Hero Payments which is affiliated with the company in Greece, after securing the authorization of the Bank of Greece, now manages the electronic payments and the payment of products through its platform. The company is looking to penetrate more into the fintech industry.
Latest News
Deadline for Postal Vote Registration Expires on Mon.
More than 157,000 Greek citizens had registered on the relevant online platform so far
Orthodox Palm Sunday Today; Shops Open in Greater Athens-Piraeus Area
Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5)
Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%