Delivery Hero lifts 2021 revenue guidance after strong third quarter

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By Cristina Roca

Delivery Hero SE said Thursday that revenue and orders for the third quarter jumped, and raised its 2021 revenue guidance.

The Berlin-based food-delivery company said revenue for the quarter was 1.79 billion euros ($2.06 billion), an 89% jump from the same period the previous year.

The company’s gross merchandise value–GMV–for the period rose 65% to EUR9.56 billion, while orders rose 52% to 791.4 million units. The company said it grew significantly faster than listed competitors.

Delivery Hero said that on the back of these results, it now expects its revenue and GMV for the year to be at the upper end of its previously announced range.

It now sees 2021 revenue at the upper end of a EUR6.4 billion-EUR6.7 billion range, and GMV at the upper end of a EUR33 billion-EUR35 billion range.

Write to Cristina Roca at cristina.roca@wsj.com


This article was originally published by Marketwatch.com. Read the original article here.

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