Company confident in exceeding debt maturities and achieving targets
- Delivery Hero shares jump after CFO remarks on cash flow generation
- Company confident in exceeding upcoming debt maturities
- Delivery Hero reached free cash flow break-even in H2 2023
- Adjusted EBITDA for 2023 at 253.3 million euros, compared to a loss in 2022
- Revenue in Q4 increased, but gross merchandise value slipped
- Delivery Hero expects revenue growth of 15% to 17% this year
Delivery Hero shares saw a significant increase in value following remarks from CFO Emmanuel Thomassin regarding the company’s cash flow generation. Thomassin expressed confidence in the company’s ability to exceed upcoming debt maturities and achieve its targets for the year. Delivery Hero reached free cash flow break-even in the second half of last year, further highlighting its positive financial position. The company reported adjusted EBITDA of 253.3 million euros for 2023, a significant improvement compared to the loss in 2022. While revenue in the fourth quarter increased, gross merchandise value experienced a slight decline. Despite this, Delivery Hero maintains its expectations for revenue growth and aims to achieve a positive free cash flow.
Public Companies: Delivery Hero (N/A)
Private Companies:
Key People: Emmanuel Thomassin (Chief Financial Officer), Monique Pollard (Analyst at Citi)
Factuality Level: 8
Justification: The article provides specific information about Delivery Hero’s financial performance, including its cash flow, debt maturities, adjusted earnings, revenue, and growth projections. The information is supported by quotes from the company’s CFO and an analyst. However, the article does not provide any opposing viewpoints or potential risks, which could affect the overall factuality level.
Noise Level: 7
Justification: The article provides information about Delivery Hero’s financial performance and future prospects. However, it lacks in-depth analysis and does not provide evidence or examples to support the claims made. The article also does not explore the consequences of the company’s decisions on stakeholders or hold powerful people accountable. Overall, it contains some relevant information but lacks scientific rigor and actionable insights.
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
Justification: The article discusses the financial performance and outlook of Delivery Hero, a German food-delivery company. It mentions the company’s ability to generate substantial cash flow, exceed debt maturities, and achieve positive earnings. The information is relevant to investors and may impact the stock price of Delivery Hero.
www.marketwatch.com 
