Just Eat Takeaway's Quarterly Orders Surged 57% On Q4 Lockdown Boost

By Maev Martin
Just Eat Takeaway's Quarterly Orders Surged 57% On Q4 Lockdown Boost

European food-ordering firm Just Eat Takeaway.com NV has said that it received 57% more orders in the fourth quarter than a year earlier, as strict social distancing rules and work-from-home trends continued to boost online orders.

Order growth accelerated from a 46% jump in the third quarter, as countries across Europe went back into lockdown due to swelling numbers of coronavirus infections.

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

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

Pro-Forma Basis

The figures were presented on a pro-forma basis, to reflect Takeaway's $7.8 billion takeover of Britain's Just Eat that closed in April of 2020.

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Just Eat Takeaway will publish its annual results on 10 March, 2021.

News by Reuters edited by Donna Ahern, Checkout. Click subscribe to sign up for the Checkout print edition.

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