Food delivery service: Delivery Hero will rise in the Dax

Food delivery service
Delivery Hero will rise in the Dax

After two years, the payment service provider Wirecard, the first stock exchange League flies. From the descent of the scandal group, a former Start-up benefits.

The international food delivery service Delivery Hero rises in the German stock index (Dax). The company, based in Berlin, takes over in the leading index, the square of Wirecard, the German stock exchange in Frankfurt, said.

The payment service provider is a billion-dollar accounting scandal insolvent. Delivery Hero is according to the real estate group Deutsche Wohnen within a few weeks of the second Berlin-based company, which rises in the first stock exchange League. Previously, the German capital had not been represented in the prestigious Segment for 14 years with a company.

The food delivery service is one of the profiteers of the corona disease. The former Start-up operates in more than 40 countries ordering platforms for food from local suppliers and employs 25,000 people, of which about 1300 in Berlin. You delivery services mediate between Restaurants and their customers. Most of the money comes from commissions paid by participating Restaurants. However, Delivery Hero also operates its own delivery services and large kitchens.

Purchase orders for German customers, the company no longer accepts, since last year, The German business with the brands Pizza.de delivery hero and Foodora was sold. The Dutch competitors Takeaway has it integrated into its own platform Lieferando. More than half of its sales has made Delivery Hero in 2019 in the Middle East and North Africa.

The company, which is still in the red. In the first half of the year, before special items, adjusted loss before interest, taxes, depreciation and amortization was according to preliminary Figures, in the case of 319,5 million Euro. The final half of the balance sheet follows on 27. August.

Thanks to the strong growth in the corona crisis, the Berlin have increased the forecast for the full year. It is expected a turnover of between 2.6 and 2.8 billion Euro, almost a doubling compared to the previous year.

Established in 2011, is the second youngest Dax member according to the Bayer spin-off Covestro. Opportunities on the Dax, and also the fragrance of goods and manufacturer of flavors have been Symrise of Holzminden, in lower Saxony, granted.

Wirecard had lost due to the accounting fraud alleged air bookings considerably in value in the financial markets. The Deutsche Börse revised in the light of the insolvency of the Dax-member in addition, your system of rules after consultations with market participants. According to the new requirements of insolvent companies to be taken now with a deadline of two trading days, the Dax selection indices. Wirecard had only taken September 2018 the vacated space of the Commerzbank in the Dax.

Important Index of Changes, especially for funds, which track indexes exactly are. There must then be reallocated, what has most influence on the courses. Belonging to the Dax, but it is also a question of prestige: for international investors, the most important German stock market barometer, the flagship of the economy.

dpa

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