Delivery Hero Revises Annual Forecast Due to Currency Fluctuations
Earnings Outlook Adjustment: Delivery Hero has lowered its full-year adjusted earnings forecast to between 900 million and 940 million euros, down from a previous estimate of 975 million to 1,025 million euros, due to foreign exchange rate challenges.
Free Cash Flow Reduction: The company has also reduced its free cash flow outlook by approximately 40%, now expecting it to exceed 120 million euros.
Growth Metrics: Despite the adjustments, Delivery Hero anticipates that its gross merchandise value (GMV) will grow at the upper end of the range of 8% to 10% for the year.
Asian Market Concerns: The company's GMV in its key Asian market decreased to 5.4 billion euros in Q1, missing expectations and raising concerns among investors about future growth in the region.
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