Jan 11th, 2022

Delivery Hero to Break Even in 2H 2022

Delivery Hero SE expects its food delivery business will break even in the second half of the year, a projection that includes the recent acquisition of the Spanish startup Glovo. Chief Executive Officer Niklas Oestberg said the company had “a lot of underlying profitability in our business” but its rapid delivery operations would still see losses “for quite some time.” He speaks on "Bloomberg Markets: Europe."