(Reuters) -German online takeaway food company Delivery Hero confirmed its 2025 guidance on Thursday, after it reported a gross merchandise value in line with market expectations for the first quarter.
GMV, a common metric for delivery firms measuring the total value of all goods sold, grew 5% to 12.37 billion euros ($14.03 billion) in the quarter, broadly in line with analysts’ estimate of 12.34 billion euros in reported currency and including high inflation in a company-provided poll.
In its core Asian market, the company saw its GMV fall to 5.4 billion euros from 6.1 billion euros a year earlier.
The region, Delivery Hero’s most important one since its $4 billion deal in South Korea in 2019, accounts for roughly one third of its global sales.
The company’s shares were seen rising 2.9% in premarket indications as of 0544 GMT.
($1 = 0.8818 euros)
(Reporting by Paolo Laudani and Linda Pasquini in Gdansk; editing by Milla Nissi)
