Just Eat Takeaway delivers tasty rise in order growth
European food-ordering firm Just Eat Takeaway.com on Wednesday reported a 46% year-on-year rise in orders during the third quarter, driven by continuing coronavirus curbs.
Order growth accelerated from an increase of 32% in the first half of 2020, with orders up 47% in Germany, 43% in the UK and 32% in the Netherlands.
"We have continued to generate strong adjusted earnings before interest, tax, depreciation and amortisation, while investing aggressively, and are well-positioned for autumn and winter, our traditional growth season," said chief executive Jitse Groen said.
“Order growth accelerated compared with the prior quarter, leading to a widening gap to competition in key countries, including the UK and Canada. Australia was the fastest-growing country, delivering market share gains with triple-digit order growth in the quarter.”