Delivery Hero shares climb after Glovo owner posts first full-year profit

February 14, 2024

Shares in Delivery Hero increased on Wednesday after the German food delivery company said it had hit its financial goals for 2023 in posting its first-ever full-year profit.

The Berlin headquartered company, which owns food delivery platforms including Foodpanda and Glovo, beat expectations with adjusted EBITDA worth €253.3 million ($271.1 million) in 2023, versus the €199.9 million forecast by 18 analysts.

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