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    DHER   DE000A2E4K43

DELIVERY HERO SE

(DHER)
  Report
Delayed Xetra  -  11:39 2022-12-06 am EST
41.54 EUR   -1.05%
03:51aDELIVERY HERO : Bernstein reaffirms its Buy rating
MD
12/02DELIVERY HERO : UBS reaffirms its Buy rating
MD
12/02DELIVERY HERO : Receives a Buy rating from JP Morgan
MD
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Singapore's gig workers to get work injury, pension coverage

11/24/2022 | 03:15am EST
Commuters pass by a Gojek advertisement in Singapore

SINGAPORE (Reuters) - Singapore will extend work injury insurance and pension coverage to food delivery and ride-hailing workers under proposed legislative changes that it aims to implement as early as late 2024, the Manpower Ministry said.

The new rules will affect about 73,000 workers who deliver food or drive passengers for companies such as Grab , Gojek, Deliveroo and Delivery Hero's Foodpanda.

Workers would gain coverage under the national pension system, which collects contributions from both workers and companies, and receive work injury insurance covering medical expenses, income loss, and lump sum compensation for permanent disability or death.

Gig workers would not, however, be considered full-time employees entitled to paid leave and other benefits.

The changes, based on recommendations from an advisory committee set up to create standards for gig worker protections, were approved by the government on Wednesday.

Grab, Foodpanda and Deliveroo said in a joint statement that the roll-out should be "evenly paced" given the "complexities of business operations and economic pressures".

Rights groups and governments around the world have voiced concerns about the interests of contract workers, whose ranks swelled significantly during COVID-19 lockdowns but who do not typically receive benefits available to full-time employees.

A report released by the Institute of Policy Studies in Singapore early this month found that 16.1% of 1,002 food delivery riders it surveyed had been in an accident serious enough to require medical treatment.

(Reporting by Chen Lin in Singapore; Editing by Xinghui Kok and Edmund Klamann)

By Chen Lin


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DELIVEROO PLC -2.26% 90.1 Delayed Quote.-57.03%
DELIVERY HERO SE -1.05% 41.54 Delayed Quote.-57.61%
GRAB HOLDINGS LIMITED -2.90% 3.01 Delayed Quote.-57.78%
MSCI SINGAPORE (GDTR) -0.49% 5654.06 Real-time Quote.-9.31%
PT GOTO GOJEK TOKOPEDIA TBK -6.50% 115 End-of-day quote.0.00%
All news about DELIVERY HERO SE
03:51aDELIVERY HERO : Bernstein reaffirms its Buy rating
MD
12/02DELIVERY HERO : UBS reaffirms its Buy rating
MD
12/02DELIVERY HERO : Receives a Buy rating from JP Morgan
MD
12/01DELIVERY HERO : Receives a Buy rating from Jefferies
MD
11/30DELIVERY HERO : UBS reaffirms its Buy rating
MD
11/30DELIVERY HERO : Receives a Buy rating from RBC
MD
11/29Want to create a startup? Join another first
RE
11/29DELIVERY HERO : Bernstein keeps its Buy rating
MD
11/24DELIVERY HERO : Barclays maintains a Buy rating
MD
11/24DELIVERY HERO : JP Morgan reaffirms its Buy rating
MD
More news
Analyst Recommendations on DELIVERY HERO SE
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Financials
Sales 2022 8 843 M 9 302 M 9 302 M
Net income 2022 -1 804 M -1 898 M -1 898 M
Net Debt 2022 2 884 M 3 034 M 3 034 M
P/E ratio 2022 -5,90x
Yield 2022 -
Capitalization 10 658 M 11 211 M 11 211 M
EV / Sales 2022 1,53x
EV / Sales 2023 1,25x
Nbr of Employees 49 417
Free-Float 65,9%
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Technical analysis trends DELIVERY HERO SE
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 21
Last Close Price 41,54 €
Average target price 66,50 €
Spread / Average Target 60,1%
EPS Revisions
Managers and Directors
L. Niklas Ístberg Chief Executive Officer
Emmanuel Thomassin Chief Financial Officer
Martin Karl Enderle Chairman-Supervisory Board
Christian Graf von Hardenberg Chief Technology Officer
Pieter-Jan Vandepitte Chief Operating Officer
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