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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.

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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