Nov 7(Reuters) - Delivery Hero said on
Thursday it expects annual gross merchandise value (GMV) growth
at the upper end of its forecast range, after the German online
takeaway food company reported solid growth for the third
quarter.
The group now expects its full-year growth in GMV, a common
metric for delivery firms measuring the total value of all goods
sold, to land at the upper end of its 7%-9% forecast, after a 9%
year-on-year rise in the third quarter.
Delivery Hero reported GMV of 12.2 billion euros ($13.12
billion) for the quarter, in line with analysts' expectations
in a company-provided consensus. Outside Asia, its main market,
GMV rose 25%.
In Asia, where it grew its presence with the acquisition
South Korea's largest online food delivery platform Woowa in
2021, it posted a 6.6% fall in GMV.
The company, however, said it expects adjusted core earnings
to come at the lower end of its 725 million euros-775 million
euros guidance.
($1 = 0.9302 euros)
(Reporting by Paolo Laudani and Bernadette Hogg; Editing by
Subhranshu Sahu)