Delivery Hero SE Sees Significant Growth in Second-Quarter Segment Revenue
In a major boost to its growth trajectory, German consumer discretionary company Delivery Hero SE has reported a substantial increase in its second-quarter segment revenue. The company’s like-for-like segment revenue rose by a notable 27% compared to the same period last year, a clear indication of the company’s expanding reach and customer base.
The company’s gross merchandise value also saw a significant year-over-year increase of 11% on a like-for-like basis, further solidifying its position in the market. This growth has prompted an update to the company’s annual outlook, with expectations of higher gross merchandise value and segment revenue. The revised outlook reflects the company’s confidence in its ability to sustain this growth momentum.
A key factor contributing to this growth is the company’s ability to reduce losses and increase profitability. For the first half of the year, Delivery Hero SE has reported a significant reduction in losses, marking a notable shift towards profitability. This positive trend is attributed to increased customer demand and the company’s successful implementation of cost-saving measures.
As a result of this growth, the company has announced its first positive operating result for the first half of the year. This milestone marks a significant achievement in the company’s growth trajectory and is a testament to its ability to adapt and innovate in a rapidly changing market.
Key Highlights:
- 27% increase in like-for-like segment revenue
- 11% year-over-year increase in gross merchandise value on a like-for-like basis
- Revised annual outlook with expectations of higher gross merchandise value and segment revenue
- First positive operating result for the first half of the year
- Significant reduction in losses and increase in profitability