TIDMJET
RNS Number : 2185V
Just Eat Takeaway.com N.V.
13 April 2021
Amsterdam, 13 April 2021
Just Eat Takeaway.com Q1 2021 Trading Update
First quarter orders grow 79% to 200 million; GMV up 89% to
EUR4.5bn
Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), hereinafter
the "Company", or together with its group companies "Just Eat
Takeaway.com", one of the world's largest online food delivery
marketplaces, hereby issues a trading update for the first quarter
of 2021.
Statement of Jitse Groen, CEO of Just Eat Takeaway.com: "The
first quarter of 2021 marks our fourth consecutive quarter of order
growth acceleration. Our fastest growing segment was the United
Kingdom, and we are especially pleased with the roll-out of our UK
Delivery network, which has reached an impressive 695% order growth
rate year-on-year. We are also very proud of the acceleration in
two of our highly profitable markets, with 77% order growth in
Germany and 53% in the Netherlands. Just Eat Takeaway.com is in
excellent shape and the start of 2021 has been very strong."
-- Just Eat Takeaway.com's quarterly order growth accelerated
for the fourth consecutive quarter. The Company processed 200
million orders in the first quarter of 2021, representing a 79%
increase compared with the same period of 2020. Gross Merchandise
Value (GMV) amounted to EUR4.5 billion in the first quarter of
2021, up 89% on a constant currency basis compared with the first
quarter of 2020.
-- Marketplace and Delivery contributed almost equally to order
growth. Just Eat Takeaway.com's Marketplace Orders are highly
profitable, while the Delivery Orders are priced very competitively
following the Company's price leadership strategy, allowing for
future adjusted EBITDA gains.
-- The UK was the fastest-growing segment and the Company's main
growth driver. Just Eat UK processed 64 million Orders in the first
quarter of 2021, up 96% compared with the same period of 2020. New
partnerships were signed with household brands such as Leon,
Tortilla and Chipotle, as well as coffee chains Starbucks and
Costa, adding to Just Eat's growing restaurant supply. Delivery
Order growth was 695% in the first quarter of 2021 compared with
the first quarter of 2020, multiple times faster than the growth
rate of its UK competitors. In London, Just Eat achieved triple
digit Order growth.
-- In the first week of April, the businesses in Denmark and
Norway were successfully migrated to Just Eat Takeaway.com's
continental European IT platform. This change will allow for more
efficient Delivery operations for instance.
-- The roll-out of the employed Delivery model ("Scoober")
accelerated throughout Europe, including expanded London coverage
and Birmingham roll-out in the UK, and expansion to Lyon, Bordeaux
and Toulouse in France. In Italy, Just Eat was the first food
delivery company to sign a Collective Bargaining Agreement with the
largest unions for the employment of its couriers.
-- To capitalise on the strong momentum from its investment
programme, the Company will continue to invest heavily and
prioritise market share over adjusted EBITDA. As stated in the FY
2020 results press release, management expects further order growth
acceleration for 2021 compared with 2020.
-- Subject to satisfaction of conditions, including approval of
the registration statement and prospectus by the relevant
authorities, the Grubhub transaction is anticipated to complete in
the first half of 2021.
-- In March, the Company signed one of the most extensive
partnerships in the history of UEFA, building on the Company's
landmark UEFA EURO 2020 sponsorship. Just Eat Takeaway.com is proud
to support twelve UEFA competitions across women's, men's and youth
football, including the UEFA Champions League.
Just Eat Takeaway.com
Jitse Groen, CEO
Brent Wissink, CFO
Joerg Gerbig, COO
Investors:
Joris Wilton
E: IR@justeattakeaway.com
Media:
E: press@justeattakeaway.com
For more information, please visit our corporate website:
https://www.justeattakeaway.com/
About Just Eat Takeaway.com
Just Eat Takeaway .com (LSE: JET, AMS: TKWY) is a leading global
online food delivery marketplace outside China.
Headquartered in Amsterdam, the Company is focused on connecting
consumers and restaurants through its platforms. With nearly
250,000 connected restaurants, Just Eat Takeaway.com offers
consumers a wide variety of food choice. Just Eat Takeaway.com
mainly collaborates with delivery restaurants. In addition, Just
Eat Takeaway.com provides its proprietary restaurant delivery
services for restaurants that do not deliver themselves.
The combination of Just Eat and Takeaway.com has rapidly grown
to become a leading online food delivery marketplace with
operations in the United Kingdom, Germany, the Netherlands, Canada,
Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland,
Israel, Italy, Luxembourg, New Zealand, Norway, Poland, Portugal,
Romania, Spain and Switzerland, as well as through partnerships in
Colombia and Brazil.
Analyst and investor conference call and audio webcast
Jitse Groen, Brent Wissink and Jörg Gerbig will host an analyst
and investor conference call to discuss the Q1 2021 trading update
at 10:30 am CET on Tuesday 13 April 2021. Members of the investor
community can follow the audio webcast on
https://www.justeattakeaway.com/investors/results-and-reports/
.
Media and wires call
Jitse Groen will host a media and wires call to discuss the Q1
2021 trading update at 8:30 am CET on Tuesday 13 April 2021. The
press can join the conference call at +31 20 531 5853 or +44 20
3365 3210.
Additional information on https://justeattakeaway.com
-- Just Eat Takeaway.com Analyst Presentation Q1 2021
-- Our media kit including photos of the Management Board and
industry-related photos for download at
https://www.justeattakeaway.com/media/media-kit/
Market Abuse Regulation
This press release contains inside information (i) as meant in
clause 7(1) of the Market Abuse Regulation and (ii) in terms of
Article 7(1) of the Market Abuse Regulation as it forms part of UK
law pursuant to the European Union (Withdrawal) Act 2018.
Unaudited figures
All figures in this document are unaudited.
Disclaimer
Statements included in this press release that are not
historical facts (including any statements concerning investment
objectives, other plans and objectives of management for future
operations or economic performance, or assumptions or forecasts
related thereto) are, or may be deemed to be, "forward-looking
statements". These forward-looking statements may be identified by
the use of forward-looking terminology, including the terms
"believes", "estimates", "plans", "projects", "anticipates",
"expects", "intends", "may", "will" or "should" or, in each case,
their negative or other variations or comparable terminology, or by
discussions of strategy, plans, objectives, goals, future events or
intentions. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements
reflect the Company's current view with respect to future events
and are subject to risks relating to future events and other risks,
uncertainties and assumptions relating to the Company's business,
results of operations, financial position, liquidity, prospects,
growth or strategies. Forward-looking statements speak only as of
the date they are made.
The Company expressly disclaims any obligation or undertaking to
update, review or revise any forward-looking statement contained in
this announcement whether as a result of new information, future
developments or otherwise.
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END
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