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