|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||41.76 - 43.60|
|52 Week Range||30.40 - 52.35|
|PE Ratio (TTM)||324.06|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||42.06|
German ecommerce company Rocket Internet responded to investor calls to use some of its 2.1 billion euro cash pile on Thursday with a plan to buy back shares worth up to 150 million euros ($175 million), 3.6 percent of its outstanding stock. Shares in Rocket, which had a shaky start after listing in 2014 but have risen by more than a third this year after the IPOs of start-ups Delivery Hero, HelloFresh and Home24, were up by 3.3 percent at 0716 GMT.
By Helen Reid LONDON (Reuters) - Europe's trade-sensitive autos and mining shares climbed on Thursday on news of fresh U.S.-China trade talks, though the broader market lost momentum after central bank ...
The online takeaway business has boomed in recent years, and firms such as Delivery Hero, Takeaway.com and Just Eat have spent heavily in order to gain greater market share. Delivery Hero said due to investment costs, it does not expect to reach its target to break even on an adjusted EBITDA basis on a monthly level by the end of 2018 and in the full year 2019. This overshadowed the company's raised revenue guidance, now expected between 760 million and 780 million euros in 2018, against previous guidance of 740 million to 770 million euros.
German food delivery platform Delivery Hero said on Thursday it would not break even on a monthly basis this year as it plans to invest an additional 80 million euros ($93 million) to stimulate growth, sending its shares lower. The online takeaway business has boomed in recent years, and firms such as Delivery Hero, Takeaway.com and Just Eat have spent heavily in order to gain greater market share. Delivery Hero said due to investment costs, it does not expect to reach its target to break even on an adjusted EBITDA basis on a monthly level by the end of 2018 and in the full year 2019.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Deutsche Bank Supervisory Board Chairman Paul Achleitner has consulted top shareholders and German government officials about merging with peer Commerzbank, Bloomberg reported, citing people familiar with the matter. ** German conglomerate Thyssenkrupp is examining a full or partial exit from its naval vessels business, which is part of the group's Marine Systems unit, a person familiar with the matter said. ** German automotive supplier Bosch might sell its struggling packaging technology unit, newspaper Frankfurter Allgemeine Zeitung reported, citing financial and industry sources.
BERLIN (Reuters) - Delivery Hero, a German online food delivery platform, is open for possible takeovers, Chief Executive Niklas Ostberg said on Thursday. Ostberg made the comment after he was asked about ...
Delivery Hero AG’s (DB:DHER): Delivery Hero AG provides online food ordering and delivery services. The €7.24B market-cap company announced a latest loss of -€335.10M on 31 December 2017 for itsRead More...
Germany's Rocket Internet said on Tuesday it is looking at investing in areas such as financial technology and artificial intelligence with the 2.6 billion euro ($3 billion) it has amassed. "We are looking for opportunities in the tech sector... There is no set timeframe," the ecommerce investor's chief executive Oliver Samwer told journalists after its main holdings saw more revenue growth and narrowed first quarter losses. Rocket Internet, which had a shaky start after listing in 2014 as its start-ups made big losses, saw its share price jump last year after HelloFresh and Delivery Hero went public.
Mid-caps stocks, like Delivery Hero AG (DB:DHER) with a market capitalization of €7.36B, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-capRead More...
Delivery Hero, the German online food delivery platform, posted a wider 2017 loss on Thursday as a result of a near 50 percent rise in its marketing expenses. The online takeaway business has boomed in recent years, prompting firms like Delivery Hero, Takeaway.com and Just Eat to spend heavily on marketing to gain greater market share, while also trying to fend off competition from U.S. competitors such as Amazon and Uber. For 2017, Delivery Hero reported negative adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 94.2 million euros ($115 million), which compared with compared with a loss of 71.2 million euros a year ago.
Measuring Delivery Hero AG’s (DB:DHER) track record of past performance is a useful exercise for investors. It enables us to understand whether or not the company has met or exceedRead More...
German start-up investor Rocket Internet (RKET.DE) is exploring a stock market listing of loss-making African online shopping platform Jumia, people close to the matter said. Rocket Internet, which helped set up the company in 2012, is seeking an exit from the consumer electronics and fashion retailer, in line with its strategy of selling or listing established internet firms. The investor is expected to shortly mandate banks for an initial public offering of Jumia, which describes itself as Africa's leading online shopping destination, they added.
Full-year revenue grew by 49 percent to 166.5 million euros ($203.70 million) in 2017, boosted by strong growth in its second-biggest market, Germany, which posted growth of 57 percent. The group said it anticipated a loss for 2018, but said it expects to stem the decline.
FRANKFURT, Feb 26 (Reuters) - The following are some of the factors that may move German stocks on Monday: CARMAKERS,, The German government, which has steadfastly opposed bans on heavily-polluting diesel ...
MUNICH/BONN (Reuters) - ProSiebenSat.1 Media SE has agreed to sell a stake in its e-commerce business to U.S. investment firm General Atlantic as it seeks to finance a shift away from its legacy free-to-air TV business and expand its eclectic digital portfolio. Confirming a deal flagged by Reuters, General Atlantic will acquire a 25.1 percent stake in ProSieben's NuCom unit. ProSieben Chief Financial Officer Jan Kemper said General Atlantic paid around 300 million euros ($368.6 million).
The chief executive of online food ordering firm Delivery Hero expects competition from the likes of Amazon and Uber to make it harder to make money although the German company is still targeting breakeven this year. Niklas Ostberg, a Swedish former management consultant who founded the company in 2011, said Delivery Hero has the critical mass to fend off the U.S. giants, but admits their move into food delivery could dampen profits. It will be hard to make any money as long as competition is as it is right now," Ostberg told Reuters.
By Kit Rees and Helen Reid LONDON (Reuters) - A recovery among commodities stocks helped Britain's top share index outperform European peers on Tuesday, though it came under pressure from a firmer pound ...
By Danilo Masoni MILAN (Reuters) - European shares rebounded from six-month lows on Monday as jitters over a sudden spike in volatility that wiped off $1 trillion in market capitalisation last week appeared ...
By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) - European shares broke a seven-day losing streak on Wednesday as investors took heart from a recovery on Wall Street and reduced volatility, returning ...
When German semiconductor maker Infineon (IFXGn.DE) slashed its revenue guidance on Wednesday because of a weakening dollar, its shares tumbled to the bottom of the benchmark DAX index (.GDAXI). The comeback underscores how European technology stocks are on a roll again after a rapid run-up in 2017 left investors wary of eye-watering valuations and switched to more cyclical industries in December as the global economy picked up steam. Flows data from Bank of America Merrill-Lynch last week showed $2.1 billion poured into tech sector funds, a record figure.
Shares in online food ordering firms Delivery Hero (DHER.DE) and Takeaway.com (TKWY.AS), battling for control of the German market, jumped on Monday after the chief executive of the Dutch company raised the idea of a merger. Shares in Delivery Hero were up 4.5 percent at 0932 GMT, while Takeaway.com rose 3.6 percent. Takeaway.com CEO Jitse Groen was quoted on Saturday as saying a merger with Delivery Hero could be an option.
Shares in online food ordering firms Delivery Hero and Takeaway.com, battling for control of the German market, jumped on on Monday after the chief executive of the Dutch company raised the idea of a merger. Shares in Delivery Hero were up 4.5 percent at 0932 GMT, while Takeaway.com rose 3.6 percent.