Delivery Hero : Q3 and FY outlook in line, is EBITDA improvement sustainable?
>Global GMV up 9%, Asia flat, but no more market share losses - In Q3 2023, segment revenue increased 16% y-o-y excluding FX to € 2,713m (consensus: € 2,713m, ODDO BHFe: € 2,742m), with GMV rising 9% to € 11,693m (consensus: € 11,780m, ODDO BHFe: € 11,580m). This marks a slight acceleration vs growth achieved in Q2 2023. GMV by region excluding FX shows Europe growing 15%, and Glovo growing even faster. MENA was up 26% supported by Saudi Arabia, while Asia was flat. ...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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