Delivery Hero Cuts Full-Year Profit Outlook on Weaker Dollar (1)

Delivery Hero SE cut its earnings guidance for the full year after a weaker dollar and South Korean won cut into profit and free cash flow.

Earnings before interest, taxes, depreciation and amortization will be €900 million ($1 billion) to €940 million for the year, the German food delivery company said in a statement late Wednesday. That’s down from its previous guidance of €975 million to €1.03 billion.

The company gets most its business from Asia and the Middle East, where some currencies are pegged to a weaker dollar or have been hit by tariff threats. Without that impact, the ...