0921 GMT - Deliveroo's performance shows the company's ability to generate profits, Panmure Liberum analyst Sean Kealy writes in a note. The British food delivery company's U.K. and Ireland segment delivered robust growth, with order and gross transaction value growth ahead of consensus. Additionally, the grocery sub-sector has again been strong, and momentum will likely continue, Kealy says. However, the market is undervaluing the free-cash-flow generation potential of the business, he adds. Shares are up 5.2% at 136.10 pence.(najat.kantouar@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 04:21 ET (09:21 GMT)
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