TIDMJET
RNS Number : 8706A
Just Eat Takeaway.com N.V.
27 September 2022
Amsterdam, 27 September 2022
Just Eat Takeaway.com to be Adjusted EBITDA profitable in the
second half of this year
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, expects to generate positive Adjusted EBITDA in the
second half of 2022.
Further improving profitability remains one of Just Eat
Takeaway.com's highest priorities. As previously communicated, the
Company is working on improvements to Revenue per Order, Delivery
costs per Order and Overheads & Opex. As a result of the
significant progress Just Eat Takeaway.com has already made,
management now expects Just Eat Takeaway.com to turn profitable
earlier than initially anticipated.
Management expects Just Eat Takeaway.com to generate positive
Adjusted EBITDA in the second half of 2022, an improvement compared
with an Adjusted EBITDA of minus EUR134 million in the first half
of 2022.
Due to uncertainty related to the impact of macroeconomic
conditions and foreign exchange volatility on our business,
management updates the guidance on GTV to grow by low-single digit
year-on-year in 2022.
Outlook
Management updates its guidance for FY 2022:
o Positive Adjusted EBITDA in the second half of 2022
(previously FY 2022 Adjusted EBITDA margin in the range of minus
0.5% to minus 0.7% of GTV)
o GTV to grow by low-single digit year-on-year in 2022
(previously mid-single digit)
Management expects the Company to maintain positive Adjusted
EBITDA in FY 2023, and the long-term objectives for Just Eat
Takeaway.com remain unchanged.
Just Eat Takeaway.com will shortly publish its Extraordinary
General Meeting ("EGM") convocation and explanatory shareholder
circular regarding the sale of its iFood stake to Prosus. The
Transaction is anticipated to be completed in the fourth quarter of
2022, provided the resolution has been adopted at the EGM.
The Q3 2022 Trading Update will be published on Wednesday 19
October 2022.
Management Board
Jitse Groen, CEO
Brent Wissink, CFO
Enquiries
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 one of the
world's leading global online food delivery marketplaces.
Headquartered in Amsterdam, the Company is focused on connecting
consumers and partners through its platforms. With 680,000
connected partners, Just Eat Takeaway.com offers consumers a wide
variety of food choice.
Just Eat Takeaway.com has rapidly grown to become a leading
online food delivery marketplace with operations in the United
States, the United Kingdom, Germany, the Netherlands, Canada,
Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland,
Israel, Italy, Luxembourg, New Zealand, Poland, Slovakia, Spain and
Switzerland, as well as Colombia and Brazil through its stake in
the iFood joint venture.
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.
Disclaimer
Statements included in this press release that are not
historical facts are, or may be deemed to be, forward-looking
statements, including "forward-looking statements" made within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements may be identified by the use
of forward-looking terminology, including the terms "anticipates",
"expects", "intends", "may" or "will" 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, reflect the Company's current view
with respect to future events and are subject to risks relating to
future events, including risks from or uncertainties related to
innovation; competition; brand & reputation; acquisitions;
global strategic projects; technological reliability and
availability; social change, legislation & regulation; data
security and privacy; financial reporting, people, operational
complexity of hybrid model and integration & transformation, as
well as those contained in the Company's filings with the SEC,
including the Company's registration statement on Form 20-F and
Current Reports on Form 6-K, which may be obtained free of charge
at the SEC's website, http://www.sec.gov, and the Company's Annual
Reports, which may be obtained free of charge from the Company's
corporate website, https://justeattakeaway.com. Past performance is
no guide to future performance and persons needing advice should
consult an independent financial adviser. Forward-looking
statements reflect knowledge and information available at, and
speak only as of, the date they are made, and the Company expressly
disclaims any obligation or undertaking to update, review or revise
any forward-looking statement contained in this announcement.
Readers are cautioned not to place undue reliance on such
forward-looking statements.
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