Within just a few months, Delivery Hero’s reputation on the capital market has changed dramatically: from high flyer to problem child. While the share was still trading at EUR 100 at the beginning of the year, it is now threatening to slip below the EUR 40 mark – an unprecedented price slide in the stock market history of the Dax climber from 2020. The reason for this is not only worse than expected business figures and the general sector rotation out of growth stocks – voices are also circulating that no CFO likes to hear: concerns about liquidity.
CFO Emmanuel Thomassin had actually taken good precautions: at the end of 2021 there were around 2.2 billion euros net in the company’s coffers. But since Delivery Hero has also entered the so-called “quick commerce” business with the delivery of everyday items from small depots, the delivery service burns more money than ever – the numbers make you sit up and take notice.
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