Connect with us

Hi, what are you looking for?

Editor’s Pick

Just Eat Takeaway.com breaks through one billion orders mark

British orders at Just Eat Takeaway.com jumped by 25 per cent year-on-year in the third quarter as its UK business broke through the one billion mark.

The food delivery website processed 266 million orders in the three months to the end of September, while total transactions on the platform reached €6.8 billion, up 23 per cent from the same period a year earlier.

Britain delivered the sharpest growth of its markets, with orders up 51 per cent in the third quarter compared with the same period in 2020. The company said that the one billion sales made in the UK since Just Eat had been founded demonstrated “enormous scale and longevity”. Germany was the second fastest-growing market.

Its performance was more muted in the United States, where orders rose by only 3 per cent in the period compared with last year. The company said that an improvement programme was under way to focus on the strongholds of Grubhub, its American business.

Just Eat Takeaway.com was formed in February last year via the £10 billion merger of Just Eat and Takeaway.com, its Dutch rival. Just Eat was launched in Copenhagen in 2001, entered the British market in 2006 and was floated on the London Stock Exchange in 2014. Takeaway.com was founded in 2000 by Jitse Groen, a Dutchman.

The group, one of the headline sponsors of this summer’s delayed Euro 2020 football championship, has its headquarters in Amsterdam and, in addition to Britain and the Netherlands, has operations in Germany, Canada, Australia, France, Spain and Israel.

The business reiterated its guidance of full-year order growth excluding Grubhub of 45 per cent, while its gross transaction value is expected to be between €28 billion and €30 billion.

Groen, 43, Just Eat Takeaway’s chief executive, said: “With most of the world returning to pre-pandemic life, our growth in the third quarter of 2021 has remained strong. Just Eat Takeaway is well positioned for autumn and winter, our traditional growth season.”

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries...

Editor’s Pick

A Brewdog promotion which said customers could win “solid gold” beer cans was misleading, the advertising watchdog has found. The Scottish brewer offered...

Editor’s Pick

There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut. New contracts...

Editor’s Pick

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year....

News

PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy T. Noble, Reporter The Philippines expects to narrow its budget deficit, with the government having raised tax...

News

The Philippine economy is expected to grow by 4.3% this year — slower than originally expected — due to recurring coronavirus infection surges in...

You May Also Like

When people envision technology overtaking society, many think of The Terminator and bulletproof robots. Or Big Brother in George Orwell’s Nineteen Eighty-Four, a symbol...

Financial Advisors

Stock Markets9 hours ago (Jul 02, 2020 04:45AM ET) (C) Reuters. ROME (Reuters) – World food prices rose in June to post their first...

Economy

SAN FRANCISCO — The spread of the coronavirus has meant feast or famine for technology start-ups. While many are cutting staff and slashing costs...

Economy

OAKLAND, Calif. — Jack Dorsey has won plaudits for his corporate activism during the coronavirus crisis, taking on President Trump in his role as...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Respect Investment. All Rights Reserved.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!