thebell

전체기사

Woowa Brothers profitability sharply improves after Delivery Hero's takeover The operator of Baedal Minjok delivers EBITDA of 165 million euros in the third quarter

Translated by Kim So-in 공개 2021-12-08 08:10:00

이 기사는 2021년 12월 08일 08:06 더벨 유료페이지에 표출된 기사입니다.

Financial performance of Woowa Brothers, which operates food delivery platform Baedal Minjok, has sharply improved in just nine months after being acquired by Germany's Delivery Hero.

Delivery Hero said on Monday that Woowa Brothers’ earnings before interest, taxes, depreciation, and amortization (EBITDA) recorded 165 million euros at the end of the third quarter, up 112% from a year ago. In Korean won, the company’ EBITDA increased nearly 12 times to 220.8 billion won during the same period.

This is the best-ever performance since its establishment. Woowa Brothers delivered EBITDA of 60.8 billion won in 2018 when it first adopted the International Financial Reporting Standards, and negative EBITDA of 21.6 billion won in 2019. It swung back to a profit last year.

Despite its heavy investments in logistics, Woowa Brothers’ EBITDA dramatically increased this year thanks to a significant increase in orders.

Active users of Woowa Brothers were 2.3 times larger than the combined users of rivals Coupang Eats and Yogiyo.

The number of orders using its food delivery app Baedal Minjok increased by 61% compared to a year earlier, while customers use the app 70% more frequently than its competitors. (Reporting by Choong-hee Won)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재 및 재배포 금지 >

더벨 서비스 문의

02-724-4102

유료 서비스 안내
주)더벨 주소서울특별시 중구 무교로 6 (을지로 1가) 금세기빌딩 5층대표/발행인성화용 편집인이진우 등록번호서울아00483
등록년월일2007.12.27 / 제호 : 더벨(thebell) 발행년월일2007.12.30청소년보호관리책임자김용관
문의TEL : 02-724-4100 / FAX : 02-724-4109서비스 문의 및 PC 초기화TEL : 02-724-4102기술 및 장애문의TEL : 02-724-4159

더벨의 모든 기사(콘텐트)는 저작권법의 보호를 받으며, 무단 전재 및 복사와 배포 등을 금지합니다.

copyright ⓒ thebell all rights reserved.