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Delivery Hero's Sales Growth and Stock Decline
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Delivery Hero surpassed sales growth targets with a 6.8% increase in gross sales volume to 47.6 billion euros in 2023, but experienced a 26% stock plunge due to asset sales news. Despite this, the company anticipates further growth in 2024 and has forecasted gross merchandise value growth within a range of 7-9% and adjusted earnings before interests, taxes, depreciation, and amortization of 725-775 million euros for 2024.
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How does Delivery Hero's performance reflect the broader trends in the food delivery industry and its market?
How might the asset sales news impact Delivery Hero's future business decisions and investor confidence?
What strategies could Delivery Hero employ to mitigate the negative effects of the stock plunge on investor flight?
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