Delivery Hero, a German-based food delivery service provider, has recently released its quarterly financial report. One interesting point mentioned by CEO Niklas Ostberg is the company’s consideration of selling its subsidiary, Foodpanda, in the Southeast Asian region.
Ostberg expressed his satisfaction with being the owner of Foodpanda in this particular region and highlighted that the business is starting to generate profits. This positive development has had a positive impact on the overall profitability of Delivery Hero, which is a promising outcome.
Furthermore, Ostberg emphasized that Foodpanda remains a high-growth business with great potential for further expansion. This creates an opportunity for potential buyers to offer a price higher than the company’s present valuation, anticipating future value.
Overall, this situation appears to be beneficial for current Delivery Hero shareholders. The acquisition of Foodpanda has proven to be a wise investment, and with the subsidiary’s continued growth, it holds even more value in the market.
TLDR: Delivery Hero, a German food delivery service provider, is considering selling its subsidiary, Foodpanda, in Southeast Asia. The CEO, Niklas Ostberg, expresses satisfaction with the business’s performance and highlights its profitability. Foodpanda is seen as a high-growth business with significant potential for further expansion. This presents an opportunity for potential buyers to offer a higher price than the company’s current valuation. This situation benefits the shareholders of Delivery Hero.
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