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Delivery Hero sees 7% growth in Q3 gross merchandise value

The Berlin-based firm confirmed its preliminary figures for the second quarter, including 18% GMV growth
The Berlin-based firm confirmed its preliminary figures for the second quarter, including 18% GMV growth

German online takeaway food company Delivery Hero has forecast a 7% growth on the quarter in its third-quarter gross merchandise value (GMV) to €10.6 billion, after confirming its pre-released second-quarter results.

Including Barcelona-headquartered food delivery firm Glovo, in which Delivery Hero owns a majority stake, the group expects GMV to reach €11.5 billion for the three months to September 30.

The Berlin-based firm confirmed its preliminary figures for the second quarter, including 18% GMV growth and a 38% rise in revenues on the year, and the updated full-year guidance it issued in July.