Delivery Hero CEO Confident in Foodpanda as Talks of Potential Sale Collapse

Hold onto Your Foodpanda

In a surprising turn of events Delivery Hero CEO Niklas Ostberg has announced that talks of a potential sale of Foodpanda in Southeast Asia have collapsed. But don't panic folks! Ostberg is happy to retain Foodpanda and sees it as one of the company's faster growing regions.

Shares Surge Investors Rejoice

The news of Foodpanda staying put has brought joy to investors with Delivery Hero shares surging 11% following the announcement. It seems like the market is excited about the company's confidence in its Southeast Asian business.

A Tripling of Earnings

Delivery Hero reported a 9% increase in total segment revenues and adjusted earnings before interest tax depreciation and amortization. The company is on track to triple its adjusted EBITDA in 2024 which is quite the feat. It's safe to say that the future looks delicious for Delivery Hero.

Foodpanda: From Loss Making to Breakeven

One of the reasons why Ostberg is happy to hold onto Foodpanda is its recent transition from a loss making venture to a breakeven business. This is great news for Delivery Hero's profitability and shareholders as the drag on earnings has been lifted.

Acting Rational in the Business Game

Ostberg emphasized that Delivery Hero is not building a business just to sell it. The company is in it for the long haul and believes in generating good returns for its shareholders. While a potential sale of Foodpanda is still on the table Ostberg wants to ensure that any offer reflects the true value of the business.

Clawing Back and Bouncing Forward

Delivery Hero has faced its fair share of challenges with recent pressure from investors and a brutal share price plunge. However the company is determined to bounce back and regain investor confidence. The decision to hold onto Foodpanda shows that Delivery Hero is ready to take on the future with gusto.