- 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…