Delivery Hero : Lower top-line growth but breakeven achieved in Q1
>GMV increase of 2%, but adjusted EBITDA improves sharply - End of April, Delivery Hero reported a 12% increase y-o-y in segment revenue for Q1 2023 as expected while GMV rose 2%. In terms of regions, Europe (up 13%) and MENA (up 17%) did ok, while Asia (down 6%) was weak due to South Korea. However, Asia was back to growth in April in local currencies according to the company. Adjusted EBITDA improved € 250m y-o-y to -0.1% of GMV and was thus € 30m above budget. The ...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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