Food delivery company Just Eat Takeaway saw its orders increase by a third last year. The effects of corona operations in many countries played a role, among others, but the company spent a lot of money to strengthen its position in various countries.
In addition, European activity, especially in the United Kingdom and Ireland, grew faster than in the United States and Canada. In all, food worth 28 28 billion was ordered through Thuisbezorgd.nl’s parent company, up 31 percent from the previous year.
In addition, Just Eat Takeaway says profits have improved. The company expects the operating profit margin for 2021 to be between minus 1.5 and minus 1 percent.
This year, JustEatTakeaway aims to reduce its negative return (EBITDA) from minus 0.6 percent to 0.8 percent.
Just Eat Takeaway has previously stated that 2021 will be the peak year for losses, as a lot has been invested since the merger between the Dutch takeaway and the British Just Eat.
Food distributors have not yet made a profit due to substantial investments in market share. Uber, which also provides taxi services, has already been successful in operating at low cost. The German delivery hero expects to complete it by the end of this year. Just Eat Takeaway will provide annual figures for the latter part of this revenue season, which will discuss the results in more detail.
read more: Encouragement for Jitsey Crohn: Just Eat Takeaway’s main rival stopped in Germany – for the second time