Delivery Hero : Raising TP following Q1 and improved debt maturity profile
>GMV up 8% and revenue up 21% - Last week Delivery Hero reported top-line numbers for Q1 2024. GMV increased 8% y-o-y on healthy order growth while segment revenue rose 21% (both excluding FX) driven by AdTech revenues, service and subscription fees, higher commission from own delivery as well as increasing Dmarts contribution. The revenue growth was broad-based with all regions contributing. Fastest growing segments were MENA (+29%), Integrated Verticals (+27%) and E...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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