Delivery Hero : Long road to profitability – down to Neutral
>Guiding for fast growth but higher losses - Late August, Delivery Hero reported final results for Q2/H1 2021. Segment revenue more than doubled in H1 2021, supported by 78% growth in GMV on a pro forma basis, i.e. including Woowa but excluding Delivery Hero Korea. Adjusted EBITDA as % of GMV improved to -2.1% from -3.6% driven by enhanced profitability across all major regions. This reflects economies of scale but also consolidation effects. Delivery Hero also adjust...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.
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