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Delivery Hero shares soar on strong growth and raised outlook as European stocks tank.

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  • Author(s): Meyer, David (AUTHOR)
  • Source:
    Fortune.com. 10/29/2020, pN.PAG-N.PAG. 1p.
  • Additional Information
    • Subject Terms:
      Stock prices; Stock index futures; Financial markets; Quarterly reports; Stocks (Finance); Credit cards
    • Abstract:
      The article focuses on the strong performance of Delivery Hero, a Berlin-based online food delivery company, amidst a downturn in European stock markets due to rising coronavirus cases. Despite the overall decline in the DAX index, Delivery Hero's share price increased by 5%, reflecting a significant year-on-year growth in quarterly orders and revenues, which nearly doubled. The company is expanding its services, including "quick commerce" for grocery delivery, and has updated its revenue guidance for the year. Notably, Delivery Hero no longer operates in Germany, having sold its German brand, which has sparked some controversy regarding its membership in the DAX 30 index. [Extracted from the article]
    • Abstract:
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