Delivery Hero : Glovo with fast growth but losses, path to profitability not really any clearer
>Food delivery business to break even in H2 2022 - Delivery Hero announced yesterday that based on the latest financial review and including the recent acquisition of Glovo they expect its food delivery business to break even during H2 2022 and to generate adjusted EBITDA of zero to € 100m in Q4 2022. At the same time, investments related to its quick commerce business are predicted to peak in the Q1 2022 and gradually decline thereafter. As a result, quick commerce l...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.