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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

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Belgian labor authority launches court case against Deliveroo

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01/20/2020 | 09:39am EST
A courier for food delivery service Deliveroo rides a bike in central Brussels

Belgium's labor authority launched the first stage of a court case against British food delivery group Deliveroo on Monday, challenging working conditions for the firm's 3,500 riders in Brussels.

The authority, a division of Belgium's Ministry of Labour, filed the case over the legal status of Deliveroo's riders after an 18-month investigation concluded the company is failing to respect Belgian labor law.

Riders are paid per delivery and considered self-employed, meaning they have no access to healthcare, overtime pay or holidays.

Deliveroo said a court decision that riders were employees rather than self-employed would deprive them of the flexibility many wanted.

The case was scheduled after the hearing to go to trial in October next year, and could last several years if there are appeals.

Martin Willems, permanent secretary of the CNE union, which was involved in the investigation, told Reuters that one rider had broken his collar bone and was out of action for four months, meaning he could not pay his rent and became homeless.

The London-based company, in which Amazon has bought a stake subject to a UK competition probe, is one of Europe's fastest growing online businesses.

It uses 60,000 riders dressed in gray and teal jackets to deliver meals from more than 80,000 restaurants and takeaway outlets in 13 countries.

(Reporting by Marine Strauss @StraussMarine; Editing by Philip Blenkinsop and Jan Harvey)

By Marine Strauss and Clement Rossignol

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Financials (USD)
Sales 2020 334 B
EBIT 2020 18 388 M
Net income 2020 14 206 M
Finance 2020 54 842 M
Yield 2020 -
P/E ratio 2020 76,5x
P/E ratio 2021 54,5x
EV / Sales2020 3,07x
EV / Sales2021 2,55x
Capitalization 1 080 B
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Technical analysis trends AMAZON.COM, INC.
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Mean consensus BUY
Number of Analysts 52
Average target price 2 405,65  $
Last Close Price 2 170,22  $
Spread / Highest target 24,4%
Spread / Average Target 10,8%
Spread / Lowest Target -14,8%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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