Meal delivery company Takeaway.com reports that the number of orders has increased by no less than 87 % in the third quarter. Moreover, the company is now profitable for the first time.
Growth over profit
A total of 41.6 million orders were placed in the third quarter. In Germany, the number of orders increased by 136 % as a result of the acquisition of former competitor Delivery Hero. Moreover, the company has made a profit for the first time, according to CEO, Jitse Groen: "While we continue to prioritise growth over profits, the company is now EBITDA positive in both the Netherlands and the Germany segment, and for the company as a whole."
Takeaway.com, the market leader in Continental Europe and Israel, operates under various local brands, such as Thuisbezorgd.nl (in the Netherlands) and Lieferando (in Austria). The company is also rolling out its own Scoober delivery services to 73 new cities in ten countries. Added to that, the meal delivery company's merger with British Just Eat would mean it would become one of the largest delivery platforms in the world. The 5.6 billion euro deal was due to be completed by the end of the year, although some of Just Eat's shareholders have expressed severe reservations about the price being too low.