The accounts still haven’t surfaced, but the company believes the weather is about to change. delivery heroThe German group that owns Glovo lost 620 million euros in 2022; business still not profitable. In any case, the company showed that it was convinced it wasn’t for the red numbers. balloon business would have already paid off in this fourth quarter, which is a valid target for this year anyway.
The accounts of this company with over ten years of experience say: will start making money in the second half of the year. It’s in his favor that the revenue figure does not stop growing: if Delivery Hero billed 2,200 million euros in the first quarter of the year, it was already 2,500 million in the last quarter; and if it was planted in December last year total turnover From 7,200 million euros there is now 9,500 million euros, 32% more.
According to this X-ray, it comes from most people. Asian market (3,800 million euros), after region covering the Middle East and North Africa (2,200 million euros) and the third, the activity Europe (1,300 million euros). Delivery Hero has up to 13 food delivery or home shopping companies.
“We have successfully closed another quarter,” the statement said. CEO and Co-Founder of Delivery Hero, Niklas Ostberg. “We were able to improve our market position in almost all key countries, while at the same time significantly improving our profitability,” the same executive summarizes. costsincreased Working efficiency and entered advertising business by giving your customers options to promote their food offerings.
crafting adjustments
“Last year, the entire industry faced various challenges and we are working hard to come out winners”, concludes CFO of Delivery Hero, emmanuel thomassin. Now we hope to continue on this path in 2023 and our target is ebitda [resultado antes de aplicar gastos contables como los impuestos o las amortizaciones] It is positively adjusted (including Glovo) by 0.5% for the whole of 2023 and 1% for the second period in particular”.
In this case, everything shows that reducing labor costs both the Catalan company and its parent company have already advanced. Glovo announces it will lay off 250 workers at its offices in the coming months (6.5% of the workforce) and Delivery Hero to 150 more from the Berlin workforce (in this case 4% of the total). The aim is precisely to teach investors the green numbers promised this year.