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Delivery Hero sees further revenue spike in 2021 after strong Q1

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Delivery Hero sees further revenue spike in 2021 after strong Q1
Delivery Hero sees further revenue spike in 2021 after strong Q1   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
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(Reuters) – Delivery Hero expects revenues in a range of 6.1 billion to 6.6 billion euros this year, the German online food takeaway firm said on Wednesday, after its first-quarter revenues more than doubled as so-called quick commerce, which aims to deliver goods in as little as hour, gains traction.

The Berlin-based company, which reported 2.8 billion euros ($3.38 billion)in revenues for 2020, said it would keep investing in Dmarts, centrally located dedicated warehouses that cater only to online clients, and new markets such as Japan or Vietnam.

($1 = 0.8283 euros)

(Reporting by Linda Pasquini, Milla Nissi in Gdansk; Editing by Tomasz Janowski)

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