-German online takeaway food company Delivery Hero reported stronger than expected growth it its second-quarter gross merchandise value on Thursday and confirmed its full-year outlook on the back of higher order volumes.

Its quarterly gross merchandise value or GMV, a common metric for delivery firms measuring the total value of all goods sold, grew 7.4% in constant currency terms to 11.89 billion euros ($13.24 billion). That beat analysts' 11.57 billion euro forecast in a company-provided poll.

The group's shares, which have fallen around 85% from their January 2021 highs as investors shunned food delivery stocks after the pandemic frenzy, rose nearly 7% in early Frankfurt trade.

Delivery Hero's quickest-growing region was Middle East and North Africa (MENA), where it posted 28% GMV growth compared to a year earlier. In a separate statement, it said it was preparing an initial public offering of its Emirati subsidiary Talabat on the Dubai Stock Exchange.

It said the results in the MENA region were adjusted to exclude effects of hyperinflationary environments in Turkey and Lebanon.

  - Reuters