October 31, 2019 / 6:45 AM / 14 days ago

Delivery Hero ups 2019 revenue guidance thanks to strong order volumes

Oct 31 (Reuters) - German food delivery company Delivery Hero raised its 2019 revenue guidance after reporting a 117% rise in third-quarter sales thanks to strong order volumes.

The Berlin-based company said it recorded a ramp-up in order volumes thanks to targeted customer acquisition investments and its own delivery capabilities.

Delivery Hero increased its full-year revenue guidance to a range between 1.44 billion euros ($1.61 billion) and 1.48 billion euros, compared to a previous target to reach the top of the range of 1.3 billion euros to 1.4 billion euros. ($1 = 0.8962 euros) (Reporting by Zuzanna Szymanska in Gdansk; Editing by Muralikumar Anantharaman)

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