(Reuters) – Germany’s Delivery Hero revised upward its annual forecast on Thursday after gross merchandise value (GMV), a common metric for delivery firms measuring the total value of all goods sold, grew 9% year-on-year in the third quarter.
The online takeaway food company now expects full-year GMV growth to land at the upper end of its 7%-9% guidance.
It, however, expects adjusted core earnings to come at the lower end of its 725 million-775 million euros ($779.09 million-$832.82 million) guidance.
($1 = 0.9306 euros)
(Reporting by Paolo Laudani and Bernadette Hogg; Editing by Subhranshu Sahu)
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