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ROUNDUP: Delivery Hero wants to achieve margin target within 10 years – new cities

Thursday, 11/11/2021 11:33 AM from

dpa-AFX

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A salami pizza (symbolic image). pixabay.com

BERLIN (dpa-AFX) – The delivery service Delivery Hero is becoming a little more optimistic about its goals for the current year. In the long term, CEO Niklas Östberg is sticking to his goal of an operating profit margin based on the gross value of goods (GMV) of 5 to 8 percent. He wants to achieve this goal in ten years at the latest, he said in a conference call with journalists on Thursday. In addition, it shared in the Dax companies of the financial news agency dpa-AFX listed the cities in which they should start their Foodpanda delivery service this year. The share rose significantly and was one of the best stocks in the leading German index in the morning.

When exactly Östberg wants to reach the margin target, he left it open. That is difficult given the large number of competitors currently. “If the competition increases their spending, we will have to follow suit,” he said. Some countries would reach the goal faster than other markets. For 2021, the Management Board expects to reach the upper end of the gross goods value of 33 to 35 billion euros. The upper end of the range of 6.4 to 6.7 billion euros should now also be reached for the total sales of the segments.

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