# Germany’s Delivery Hero hikes 2023 revenue guidance Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2023-08-09 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Delivery Hero Raises 2023 Revenue Guidance Meta Description: German online food delivery company Delivery Hero increases revenue outlook after strong growth and profitability in the first half of the year. URL: https://financedigest.com/germanys-delivery-hero-hikes-2023-revenue-guidancehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-08-09t055038z1lynxmpej7805crtroptp4europe-stocks-germany-1736813677431-compressed.jpg) # Germany’s Delivery Hero hikes 2023 revenue guidance (Reuters) -German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook, after it swung to a profit in the first half of the year on accelerating growth. The Berlin-based company expects total segment revenue to grow around 15% this year, compared with its previous guidance for growth of around 10% in constant currency terms. After a pandemic-driven boost to growth, Delivery Hero has focused on reaching long-awaited profitability while maintaining growth as investor confidence in the rapidly expanding but mostly unprofitable sector started to wane. The group said its adjusted core operating result (EBITDA) swung to [profit in the first six month of the year](https://www.financedigest.com/taylor-wimpey-expects-full-year-profits-to-halve-amid-housing-gloom.html "Taylor Wimpey expects full-year profits to halve amid housing gloom"), from a loss of 323.0 million euros in the same period a year earlier and surpassing analysts’ expectations of a loss of 5 million euros in a company-compiled consensus. It did not disclose a concrete figure. Adjusted EBITDA margin on gross merchandise value (GMV) in the second quarter came in at 0.2% on improved cost allocation, the company said. Revenue rose 16% in constant currency to 2.58 billion euros in the second quarter, slightly above consensus estimate of 2.50 billion euros. Delivery Hero’s stock was up 3.6% in early Frankfurt trade. (Reporting by Linda Pasquini and Anna Mackenzie in Gdansk; Editing by Himani Sarkar and Conor Humphries) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---