Report
Clement Genelot

Delivery Hero: all eyes on asset value maximisation ahead of Korea relaunch

Post-Q3, we understand that the EBITDA warning was driven by a delayed and more harmful reshuffling of the commercial offer and subscription programme in Korea, a more temporary than structural element with 2025 set to return to growth and market share gains in the region. We maintain our PT at EUR
Underlying
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Clement Genelot

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