Report
Clement Genelot

Cautious, but aligned with css FY GMV guidance dragged down by Korea

Alongside an in-line Q1 GMV and reassuring Q1 EBITDA margin very close to breakeven at -0.1%, Delivery Hero finally unveiled FY 2023 top line guidance (i.e. 5-7% GMV c.FX growth vs. consensus slightly above 7%) highlighting a cautious view on Korea's recovery throughout Q2-Q3-Q4 2023. Delivery Hero
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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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