Amsterdam / NL. (tkwy) Just Eat Takeaway.com N.V., hereinafter the «Company», or together with its group companies «Just Eat Takeaway.com», one of the world’s largest online food delivery marketplaces, hereby issues an order update for the third quarter of 2020. Statement of Jitse Groen, CEO of Just Eat Takeaway.com: «Order growth at Just Eat Takeaway.com further accelerated, consequently widening the gap to competitors in our key markets. We have continued to generate strong adjusted Ebitda, while investing aggressively, and are well-positioned for autumn and winter, our traditional growth season.»
- Order growth accelerated compared with the prior quarter, leading to a widening gap to competition in key countries, including the UK and Canada. Australia was the fastest-growing country, delivering market share gains with triple-digit order growth in the quarter.
- Just Eat Takeaway.com has started an aggressive investment programme in the legacy Just Eat countries to strengthen its competitive positions, significantly increasing spending on marketing and sales. This programme has delivered accelerated growth while maintaining strong adjusted Ebitda.
- The Company continued to enhance its restaurant selection, driven by several new partnerships, including the roll-out of approximately 800 McDonald’s restaurants and 300 Greggs locations in the UK.
- The integration of Just Eat and Takeaway.com is on track. During the quarter, Just-eat.fr was migrated to the Company’s core European IT-platform, following the earlier migration of Eat.ch. Furthermore, all countries have now adopted the same branding, creating a single global brand identity.
- On 07 October 2020, the acquisition of Grubhub was approved by the Just Eat Takeaway.com Extraordinary General Meeting. Subject to satisfaction of conditions, completion of the transaction is anticipated to occur in the first half of 2021.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- LG Chem and ADM: Joint Ventures in Illinois are canceled
- Wendy’s: Company plans to expand into Europe
- Delivery Hero: may face significant fine due to antitrust violations
- Emmi Group: intends to acquire Mademoiselle Desserts
- AB Foods: announces strong H1-2024 performance
- DSM-Firmenich: Queen Maxima inaugurates new dual head office
- RBI: Announces Investments to Drive Growth in China
- Europastry S.A.: puts its IPO process on hold
- McCormick: Reports Second Quarter Performance
- Reborn Coffee: Closes Master License Agreement for UAE
- General Mills: Reports Fiscal 2024 Fourth-Quarter Results
- SunOpta expands plant for processing plant-based beverages
- Britannia: Operating profit grew 10 percent in FY-2023
- Tate + Lyle and CP Kelco to merge to leading global player
- Ülker Bisküvi: announces Q1-2024 financial results
- Europastry: intends to go public on the Spanish stock exchange
- Europastry S.A.: publishes 2023 Annual Report
- Swisslog: announces new Americas region headquarters
- Reborn Coffee: Expanding Omni-Channel Strategy
- Mondelez International and Lotus Bakeries Join Forces