German food-delivery company raises revenue forecasts

  • Delivery Hero shares rise after revenue guidance upgrade
  • Shares up 6.7% at EUR30.88
  • Revenue growth forecast raised to 18% to 21%
  • Q1 revenue of 3.02 billion euros, up 21% YoY
  • Gross merchandise value grew 8.3% to EUR12.13 billion
  • Group expects gross merchandise value growth of 7% to 9% this year
  • Adjusted EBITDA of EUR725 million to EUR775 million
  • Positive free cash flow

Delivery Hero shares have seen a boost after the German food-delivery company raised its revenue forecasts for the year. The stock is currently trading 6.7% higher at EUR30.88, marking a 23% increase since the beginning of the year. Delivery Hero now expects revenue growth of 18% to 21% this year, up from the previous forecast of 15% to 17%. In the first quarter, the company posted revenue of 3.02 billion euros, a 21% increase compared to the same period last year. Gross merchandise value, which measures the value of merchandise sold, grew 8.3% to EUR12.13 billion. Delivery Hero anticipates gross merchandise value growth of 7% to 9% for the full year, along with adjusted EBITDA of EUR725 million to EUR775 million and positive free cash flow.

Factuality Level: 9
Factuality Justification: The article provides factual information about Delivery Hero’s raised revenue forecasts, current stock performance, revenue for the January-through-March quarter, and future expectations. The information is clear, concise, and directly related to the main topic without any irrelevant details or bias.
Noise Level: 3
Noise Justification: The article provides relevant information about Delivery Hero’s performance, including details on revenue forecasts, revenue growth, and gross merchandise value. It stays on topic and supports its claims with specific data and numbers. However, it lacks in-depth analysis, accountability, or insights into the long-term trends or consequences of the company’s decisions.
Financial Relevance: Yes
Financial Markets Impacted: Delivery Hero shares
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance and forecasts of Delivery Hero, a German food-delivery company. It provides information on the company’s raised revenue forecasts and its financial metrics for the January-through-March quarter. There is no mention of any extreme event or its impact.
Public Companies: Delivery Hero (N/A)
Key People:

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