Delivery Hero Stock News
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Xetra, Nov 06, 05:36 pm CET.
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Delivery Hero Stock News
German food delivery company Delivery Hero , the target of a takeover offer from US rival Uber , hiked its 2026 forecast on Wednesday, helped by strong growth in its business.
The company said Niklas Östberg would continue in his role due to the change in its situation.
Delivery Hero's board has signed off on Uber's $15 billion takeover offer and recommended shareholders approve the deal, which would create one the largest on-demand food delivery platforms in the world.
The German delivery company said its management and supervisory boards had independently reviewed the U.S. giant's offer.
Competition has been "pretty brutal" in some of Delivery Hero's key markets over the past couple of years, but growing its subscriber base has helped the business, CEO Niklas Östberg said on Thursday.
The company now projects on-year like-for-like group revenue growth of 17% to 19%, up from 14% to 16% previously.
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