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Deliveroo Returns To Order Growth In First Quarter

By Reuters
Deliveroo Returns To Order Growth In First Quarter

Deliveroo has reported a return to order growth in its first quarter with a 2% increase year-on-year, it was reported this week.

The results were driven by the meal delivery group’s operations in France, the UAE and Hong Kong, as well as its continued strength in Italy.

Orders in Britain and Ireland for the UK company – which account for more than half of its total – were flat, it said on Thursday.

The gross transactional value (GTV) of its orders increased 6% to £1.83 billion.

The company added that revenue grew 2% in the period to £514 million, an acceleration on 1% growth in the previous quarter.


Deliveroo maintained its guidance for the full 2024 year.

The chief executive of the company Will Shu commented on the results, saying, “I am pleased with the start we have made to this year, building on the strong progress in 2023.”

Shares in Deliveroo, which competes with Just Eat and Uber Eats, rose 3% in early deals.

The results follow Just Eat's report that orders fell below expectations in the first quarter but its GTV was on par with forecasts.

Read More: Independent Dublin Restaurant Wins Deliveroo Award

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