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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
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
By Reuters

(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)