13th Oct 2021 07:04
(Alliance News) - Just Eat Takeaway.com NV on Wednesday reaffirmed its annual guidance on the back of a healthy rise in orders as customer demand for takeaway food fails to lessen.
For the third quarter ended September 30, the food delivery firm processed 266 million orders, representing a 25% increase compared with the same period of 2020. Total gross transaction value grew 23% year-on-year to EUR6.8 billion for the period.
The company reiterated full-year guidance of order growth, excluding its Grubhub business, above 45% year-on-year and a gross transaction value in a range of EUR28 billion to EUR30 billion. An adjusted earnings before interest, tax, depreciation and amortisation margin between minus 1% to minus 1.5% of GTV is expected.
"With most of the world returning to pre-pandemic life, our growth in the third quarter of 2021 has remained strong. Just Eat Takeaway.com is well-positioned for autumn and winter, our traditional growth season," commented Chief Executive Jitse Groen.
The UK's gross transaction value for the first nine months of 2021 rose 57% to EUR4.6 billion compared to EUR3.0 billion a year previously.
In the US, orders in the third quarter of 2021 increased 3% compared with the same period last year. Germany was the company's second fastest-growing segment, adding 10 million incremental orders in the quarter compared with the prior year, representing 35% order growth.
Shares closed up 1.6% at 5,506.00 pence in London on Tuesday.
By Will Paige; [email protected]
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