Delivery Hero's Foodpanda Brand Stay Put, CEO Happy to Hold On

A Food Fight Among Investors: Delivery Hero's Dilemma

In a surprising turn of events talks of Delivery Hero selling its Southeast Asian business Foodpanda have collapsed leading to panic among investors. Despite the sharp plunge in shares Delivery Hero CEO Niklas Ostberg remains positive and happy to retain the Foodpanda brand.

A Massive 11% Surge: Delivery Hero's Shares Bounce Back

Delivery Hero shares experience an 11% surge in European trading providing a glimmer of hope for the company. The positive momentum follows the announcement of a 9% increase in total segment revenues and strong adjusted earnings before interest tax depreciation and amortization.

Tripling EBITDA: A Promising Future for Delivery Hero

Delivery Hero restates its guidance for annual 2024 adjusted EBITDA projecting a tripling from the previous year. This ambitious target demonstrates the company's confidence in its growth potential and ability to generate significant returns.

Foodpanda's Value: Holding On to a Fast Growing Region

Niklas Ostberg expresses his contentment with holding on to Foodpanda in Southeast Asia emphasizing its breakeven status and potential for further growth. Ostberg's long term commitment to the brand showcases Delivery Hero's dedication to delivering a good service and generating value for shareholders.

Clawing Back: Delivery Hero's Battle to Recover

Delivery Hero faces pressure from investors regarding its return on acquired businesses. The company is determined to recover from its recent share price plunge and regain investor confidence through strategic decisions and strong performance.

Shareholders Cheer: A Positive Response

Shareholders react positively to Delivery Hero's decision to hold on to Foodpanda in Southeast Asia. The news brings a sense of relief to investors and signals a commitment to long term growth and profitability.