UPDATE 1-Supply Hero full-year income surges 65 pct


(Provides particulars, steering)

Feb 6 (Reuters) – German on-line meals supply agency Supply Hero’s full-year income rose 65 % to 687 million euros ($782.56 million), the corporate mentioned on Wednesday, pushed by rising orders and growth into new areas.

Full-year income, together with Germany, grew to 792 million euros, exceeding the corporate’s steering of 780-785 million euros. Supply Hero upgraded its 2018 income outlook twice during the last yr.

In December, Supply Hero bought its supply operations in Germany to rival Takeaway.com for 930 million euros. Markets greeted the settlement as a win for each firms.

Chief Govt Niklas Ostberg mentioned the corporate desires to maintain its headquarters in Germany however doesn’t presently plan any acquisitions there.

The corporate, whose rivals additionally embody Deliveroo, UberEATS and Amazon, confirmed its plan to attain income of 1,080-1,150 million for 2019.

$1 = 0.8779 euros
Reporting by Anna Rzhevkina in Gdynia; Modifying by Subhranshu
Sahu and Jan Harvey

Author: Maxwell C.

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