Home Markets Delivery Hero eyes more investments, lowers margin guidance

Delivery Hero eyes more investments, lowers margin guidance


The Delivery Hero headquarters are pictured in Berlin, Germany, August 18, 2020. REUTERS/Fabrizio Bensch/File Photo

  • Adjusts margin guidance at lower end of range
  • Sees more investments in H2
  • Shares down 3.9%
  • Lifts FY revenue forecast to 6.4-6.7 bln euros
  • Q2 revenues at 1.55 bln euros

Aug 12 (Reuters) – Delivery Hero (DHER.DE) is considering notching up its investments beyond the initial plan, as it seeks to ride the first-half momentum to win more market share, the German online food takeaway firm’s finance chief said on Thursday.

The Berlin-based group raised its 2021 revenue and gross merchandise volume outlook earlier in the day, but tweaked its forecast for adjusted core operating margin to minus 2%, at the lower end of previous forecast.

Shares in the company were down 3.9% at 0834 GMT.

“The small implied downgrade to consensus EBITDA (earnings before interest, tax, depreciation and amortisation) today comes at a difficult time,” Jefferies said after the…

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