Delivery Hero AG (DHER.DE)
- Bloomberg
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- Reuters
Delivery Hero ups revenue outlook on rising orders, ad revenue
(Reuters) -German online food takeaway company Delivery Hero raised its revenue guidance for the year on Thursday on the back of rising orders and earnings from advertising in the first quarter, sending its shares up as much as 11% on Thursday. Revenues from advertising by consumer goods companies and restaurants on its platforms, as well as service fees and subscriptions, were better than initially expected, Chief Financial Officer Emmanuel Thomassin said in an interview. Quarterly total segment revenue increased 21% to 3.02 billion euros ($3.23 billion) in constant currency and 17% in reported currency to 2.95 billion compared to 2.81 billion estimated by analysts in a company-provided poll.
- Bloomberg
Activist Fund Sachem Head to Build Stake in Delivery Hero
(Bloomberg) -- Activist investor Sachem Head Capital Management has built a 3.6% position in Delivery Hero SE and may seek representation on the board of the German food delivery company, according to people familiar with the matter.Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionSaudi Crown Prince MBS’s $100 Billion Foreign Investment Quest FaltersS&P 500 Falls 1% as Oil Jump Spurs Flight to Bonds: Markets WrapApple Explores Home Robotics as Potential ‘Ne
