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Deliveroo upgrades earnings guidance despite drop in orders

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British meal delivery company Deliveroo upgraded its full-year earnings guidance on Thursday after a resilient first half in challenging market conditions that saw its total orders number fall 6%.

LONDON, Aug 10 - British meal delivery company Deliveroo

The company said it expected to make adjusted earnings before interest, tax, depreciation and amortisation of 60-80 million pounds for the year, up from its previous 20-50 million pounds forecast. The company, which had 948 million pounds in net cash at the end of the period, said it would return 250 million pounds of capital to shareholders.

 

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