Deliveroo: stock jumping after annual results
(CercleFinance.com) - Deliveroo shares are jumping 6% in London, despite reporting a higher pre-tax loss of 298 million pounds in 2021, up from 213 million pounds the previous year, albeit on revenues that increased 57% to 1.
82 billion pounds.
The UK food delivery group reports a 70% increase in gross transaction value (GTV), on a constant currency basis, and market share gains in the UK and Ireland.
For the current year, Deliveroo expects to grow its GTV by 15%-25% at constant exchange rates, with stronger growth in H2 than in H1, as well as an adjusted EBITDA margin relative to GTV of between -1.5% and -1.8% (compared to -2% in 2021).
Copyright (c) 2022 CercleFinance.com. All rights reserved.