(Bloomberg) -- Most Read from BloombergScientists Revive 48,500-Year-Old ‘Zombie Virus’ Buried in IceNYC Becomes One Billionaire Family’s Haven From China Property CrashThese Are the Best and Worst Cities for Expats to Live and Work InBanks Stuck With $42 Billion Debt Seize Chance to Offload ItSaudi food delivery firm Jahez agreed to acquire The Chefz in a cash and stock deal, almost a year after Delivery Hero SE’s attempt to buy the firm was thwarted by the local competition watchdog.Jahez Inte
(Reuters) -Delivery Hero shares rose as much as 15% on Thursday after the loss-making German takeaway food company forecast a positive adjusted core profit margin for next year as it focuses on reaching profitability over growth. The Berlin-based firm said in a call it should be able to drive compound annual growth rate of about 20% to 25% over many years on a gross merchandise value (GMV) basis. The company, which did not give an outlook for GMV in 2023, expects the figure for 2022 to be at the lower end of its forecast 44.7 billion to 46.9 billion euro ($44.65 billion to $46.85 billion) range.
EQS-News: Delivery Hero SE / Key word(s): Quarterly / Interim StatementDelivery Hero’s Platform business reached adjusted EBITDA break-even including Glovo during Q3 2022 10.11.2022 / 07:35 CET/CESTThe issuer is solely responsible for the content of this announcement. During the third quarter of 2022, Delivery Hero’s Gross Merchandise Value (GMV) increased 12% YoY (6% QoQ) to EUR 11.45 billion, of which the GMV of all segments outside of Asia grew over 30% YoY combined, and Total Segment Revenue