DELIVERY HERO: FY 22 EBITDA losses will be almost twice as large as previously expected | UNDER REVIEW vs. BUY TOP PICKS | EUR160
DELIVERY HERO - UNDER REVIEW vs. BUY TOP PICKS | EUR160FY 22 EBITDA losses will be almost twice as large as previously expected
Q4 top line 2% below expectations
FY 21 EBITDA losses 10% larger than expected and guided
FY 22 EBITDA guidance is clearly disappointing, including and excluding Glovo
Delivery Hero SE is a Germany-based company, which is primarily engaged in the food industry. The Company operates as a provider of online food delivery services from restaurants and cafes. The Company offers pizza, burger, organic food, vegan cuisine, and Asian dishes, among others. Its portfolio of brands comprises Foodpanda, Lieferheld, Foodora, PedidosYa, Clickdelivery, Talabat, Yemeksepeti, Donesi, Pauza, Hungerstation, Hellofood, Otlob and others. The Company operates globally, on the territory of more than 40 countries, comprising Europe, the Middle East, North Africa, Asia, and the Americas. The Company's services are available through Web version and mobile application.
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.
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