1033 GMT - Delivery Hero's Asia segment, which faces a highly competitive environment, isn't performing well compared to other divisions, Morgan Stanley analysts write in a note. This is mainly due to South Korea, where competition from Coupang remains intense, they add. However, Delivery Hero still expects gross merchandise value to return to growth in Asia this year, even if Korea is impacted by tougher comparatives, they say. Shares are down 2.5% at 24.27 euros. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 06:34 ET (10:34 GMT)
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