|Bid||39.99 x 0|
|Ask||40.05 x 0|
|Day's range||39.66 - 41.56|
|52-week range||23.88 - 103.65|
|Beta (5Y monthly)||0.83|
|PE ratio (TTM)||N/A|
|Earnings date||10 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||63.98|
(Reuters) -Delivery Hero shares rose as much as 15% on Thursday after the loss-making German takeaway food company forecast a positive adjusted core profit margin for next year as it focuses on reaching profitability over growth. The Berlin-based firm said in a call it should be able to drive compound annual growth rate of about 20% to 25% over many years on a gross merchandise value (GMV) basis. The company, which did not give an outlook for GMV in 2023, expects the figure for 2022 to be at the lower end of its forecast 44.7 billion to 46.9 billion euro ($44.65 billion to $46.85 billion) range.
Grab, Foodpanda and Deliveroo have formed an association to help shape guidelines that protect the health and safety of delivery workers.