Just Eat Takeaway, falling volumes however growing margins | EUROtoday

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Just Eat Takeaway seems to be seeing the top of the tunnel. The Anglo-Dutch group specializing in residence meals supply stated it expects a higher-than-forecast adjusted Ebitda for the complete 12 months 2023 of round 320 million euros. Gross transaction worth (GTV) for the 12 months fell 6% and 4% at fixed foreign money to €26.446 billion, according to steering, with a decline of 5% and three% within the fourth quarter alone at 6.752 billion euros. The firm famous that efficiency within the last three months of 2023 was one of the best quarter of the 12 months, with Northern Europe, the UK and Ireland ending the 12 months at their highest-ever quarterly GTV ranges.

Towards a draw

Free money stream was round breakeven within the second half of the 12 months, according to forecasts. The firm will present steering for 2024 with 2023 outcomes on February twenty eighth.

“We are thrilled that both our Northern European, UK and Ireland segments have achieved their highest ever quarterly GTV level, demonstrating the strength of our European business. At the same time, we have reached a significant milestone with the company now having positive free cash flow. We look forward to 2024,” stated CEO Jitse Groen.