Delivery Hero : Lowering estimates after reduced profit outlook
>Lower profit forecasts due to investments in South Korea - Last week, Delivery Hero reported GMV and revenue for Q3 2024 in line with expectations. In Q3, segment revenues increased 24% excluding forex to € 3,235m. GMV rose 9% excluding forex to € 12,249m. GMV by region excluding forex: Europe +27% and MENA +32%, Asia +17%, Americas +20% and integrated verticals +26%, i.e. growth is quite consistent across regions/segments. Management did not provide profit numbers f...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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