Just Eat Takeaway’s Quarterly Orders Increase 57% With Lockdown Boost

Takeaway ordering company Just Eat has reported that it had received 57% more orders in the fourth quarter than a year earlier, as stringent social distancing rules and work-from-home trends continued to boost online orders.

Order growth accelerated from a 46% increase in the third quarter, as European countries went back into lockdown due to spike in the numbers of coronavirus infections.

Takeaway’s orders were up 56% in Germany and 58% in the United Kingdom. Restaurants in the Netherlands delivered 39% more meals through the company’s platform.

The company said it expects revenue to have jumped more than 50% in the whole of 2020, with an adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) margin of around 10%.

The results come just over a year after shareholders in Just Eat approved a £6.2bn merger with the Dutch food delivery firm Takeaway.com, creating one of the largest food delivery groups in the world, serving customers in 23 countries from Europe to New Zealand.

 

 

Just Eat Takeaway's Quarterly Orders Increase 57% With Lockdown Boost, Just Eat Takeaway’s Quarterly Orders Increase 57% With Lockdown Boost