BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Delivery Hero SE (DHER.DE DLVHF.OB) reported that its fourth quarter total segment revenues increased to 2.53 billion euros from 2.10 billion euros, prior year. GMV increased by 9% to 11.4 billion euros in the fourth quarter 2022.
The company improved its adjusted EBITDA/GMV margin by 3 percentage points to a negative 0.3% in the quarter.
The company ended fiscal 2022 with a cash balance of 2.4 billion euros.
Looking ahead, the company confirmed its adjusted EBITDA/GMV margin, as well as free cash flow guidance for fiscal 2023. The company also remains committed to reaching free cash flow break-even during the second half of 2023.
Delivery Hero also confirmed its 2030 ambitions.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2023 AFX News