LONDON (dpa-AFX) - German online food-delivery service Delivery Hero SE (DHER.DE, DLVHF.OB) said it expects its food delivery business, including Glovo, to reach adjusted EBITDA break-even during the second half of 2022.
The business is expected to generate between 0 euros and 100 million euros in adjusted EBITDA in the fourth-quarter of 2022.
Investments related to its quick commerce business are expected to peak in the first quarter of 2022 and gradually decline thereafter.
Delivery Hero reconfirms its long-term adjusted EBITDA/GMV margin target of 5%-8%.
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