Just Eat Takeaway ‘on track’ despite a slight drop in orders

Meal delivery company Just Eat Takeaway is satisfied with the first half of the year: despite a slight fall in sales and the number of orders, profits rose sharply.

Focus on profitability

As sales fell from 2.59 to 2.57 billion euros over the last six months, the gross transaction value (the value of all orders and a more important indicator for the platform) has increased by 3 %, excluding North America. Nonetheless, the total number of orders fell slightly, from 469 to 446 million.

Growth is on track, CEO Jitse Groen says: the number of partners and delivery coverage has been raised, while the group has also invested in technological advances. Just Eat Takeaway has therefore confirmed its full-year forecasts.

Adjusted EBITDA increased by 42 % to 203 million euros, thanks to lower order fulfilment costs and central costs. However, the net loss for the period was 301 million euros, mainly due to depreciation and write-downs. This week, the meals platform announced that it was leaving France.