TIDMJET
RNS Number : 9804B
Just Eat Takeaway.com N.V.
14 October 2020
Amsterdam, 14 October 2020
Just Eat Takeaway.com Q3 2020 Trading Update
Third quarter order growth accelerates to 46%
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 an order update for the third quarter
of 2020.
Statement of Jitse Groen, CEO of Just Eat Takeaway.com: "Order
growth at Just Eat Takeaway.com further accelerated, consequently
widening the gap to competitors in our key markets. We have
continued to generate strong adjusted EBITDA, while investing
aggressively, and are well-positioned for autumn and winter, our
traditional growth season."
Click on, or paste the following link into your web browser, to
view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/9804B_1-2020-10-13.pdf
-- 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.
-- Just Eat Takeaway.com has started an aggressive investment
programme in the legacy Just Eat countries to strengthen its
competitive positions, significantly increasing spending on
marketing and sales. This programme has delivered accelerated
growth while maintaining strong adjusted EBITDA.
-- The Company continued to enhance its restaurant selection,
driven by several new partnerships, including the roll-out of
approximately 800 McDonald's restaurants and 300 Greggs locations
in the UK.
-- The integration of Just Eat and Takeaway.com is on track.
During the quarter, Just-eat.fr was migrated to the Company's core
European IT-platform, following the earlier migration of Eat.ch.
Furthermore, all countries have now adopted the same branding,
creating a single global brand identity.
-- On 7 October 2020, the acquisition of Grubhub was approved by
the Just Eat Takeaway.com Extraordinary General Meeting. Subject to
satisfaction of conditions, completion of the transaction is
anticipated to occur in the first half of 2021.
Just Eat Takeaway.com
Jitse Groen, CEO
Brent Wissink, CFO
Joerg Gerbig, COO
Investors:
Joris Wilton
E: Joris.Wilton@takeaway.com
T: +31 6 143 154 79
Media:
E: press@takeaway.com
For more information please visit our corporate website:
https://www.justeattakeaway.com/
About Just Eat Takeaway.com N.V.
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 over 205,000
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
Mexico, Colombia and Brazil.
Market Abuse Regulation
This press release contains inside information as meant in
clause 7(1) of the Market Abuse Regulation.
Disclaimer
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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
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