The German food delivery company Delivery Hero, stressed that it expects revenues to increase further in 2022, mainly thanks to the extensive investments in both food delivery and fast-growing fast trade activities, aimed at delivering goods in just 10-15 minutes. .
The company forecasts revenues for the whole year amounting to 9.5-10.5 billion Euros, and a negative margin of basic profits at 1% -2% for 2022.
The German group has invested heavily in its units amid rising orders during the pandemic, as it tries not to lose ground to its competitors in an increasingly competitive e-commerce environment.
Delivery Hero’s quarterly orders increased 27% to 775.5 million Euros from the corresponding period of 2020, raising revenues for the whole year to the highest level of the previous forecast of the company for 6.4-6.7 billion . Euro.
Source: Capital
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