20 Apr, 2022 By Admin
Just Eat Takeaway.com Q1 2022 Trading Update

Jitse Groen, CEO of Just Eat Takeaway.com: “After two years of exceptional growth, we maintain the same high level of orders that were processed during the Covid-19 restrictions. Our priority for 2022 lies in enhancing profitability and strengthening our business. We expect profitability to gradually improve throughout the year, and to return to positive adjusted EBITDA in 2023.”

Just Eat Takeaway.com maintained the high level of Orders that were processed during the Covid-19 restrictions in the first quarter of last year. In the first quarter of 2022, Just Eat Takeaway.com processed 264 million Orders, roughly flat compared with the same period in 2021.
Gross Transaction Value (GTV) amounted to €7.2 billion in the first quarter of 2022, up 4% compared with the same period of 2021, driven by a higher Average Transaction Value.
During the pandemic, the Company benefitted from a rapidly increasing consumer base in a short period of time, adding more than 20 million active consumers since April 2020. As a result, the Company temporarily experiences a corresponding higher-than-normal absolute churn level in the first half of 2022, despite a lower relative churn level of this new consumer group versus pre-pandemic cohorts. While growth in the second quarter of 2022 will remain challenging, key growth drivers, such as Average Monthly Order Frequency and Returning Consumers are expected to remain above pre-pandemic and even above pandemic levels.
Management considers enhancing profitability as one of its highest priorities in 2022, with a clear focus on (i) increasing revenue per order, (ii) improving courier costs per order, and (iii) reducing overheads and operating expenses. Consequentially, management expects to reach positive adjusted EBITDA[1] for the full year 2023.
The Company continues to strengthen its on-demand grocery delivery proposition, with significant progress achieved in the period, including new partnerships with Central England Co-op in the UK and Albert Heijn and Spar in the Netherlands. Progression also continues in Canada, with a total of 11 Skip Express Lanes now in operation.
The Company’s new, long-term global strategic partnership with McDonald’s is expected to drive operational and efficiency improvements, as well as additional marketing exposure.
Management updates its guidance for the full year of 2022:
o    GTV to grow by mid-single digit year-on-year in 2022 (previously mid-teens)
o    2022 adjusted EBITDA margin in the range of minus 0.5% to minus 0.7% of GTV (previously minus 0.6% to minus 0.8%)
The long-term objectives remain unchanged:
o    In excess of €30 billion of GTV to be added over the next five years
o    Long term group adjusted EBITDA margin in excess of 5% of GTV

The Management Board confirms its alignment with shareholders in wanting to both create and realise value from the Company’s highly attractive portfolio of assets. As such, management is currently, together with its advisers, actively exploring the introduction of a strategic partner into and/or the partial or full sale of Grubhub. There can be no certainty that any such strategic actions will be agreed or what the timing of such agreements will be. Further announcements will be made as and when appropriate.

[1] Adjusted EBITDA is defined as operating income / loss for the period adjusted for depreciation, amortisation, impairments, share-based payments, acquisition and integration related expenses and other items not directly related to underlying operating performance

Just Eat Takeaway.com
Jitse Groen, CEO
Brent Wissink, CFO
Joerg Gerbig, COO

Analyst and investor conference call and audio webcast
Jitse Groen, Brent Wissink, and Joerg Gerbig will host an analyst and investor conference call to discuss the Q1 2022 trading update at 10:30 am CET on Wednesday 20 April 2022. 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 2022 trading update at 8:30 am CET on Wednesday 20 April 2022. Members of the press can join the conference call at +31 20 531 5843.

Additional information on https://justeattakeaway.com
●         Just Eat Takeaway.com Analyst Presentation Q1 2022
 
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 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.

11 Apr, 2022 By Admin
Deliveroo is offering Meal Deals and Bundles from over 300 halal restaurants for families fasting this Ramadan
  • Deliveroo has partnered with over 300 Halal restaurants to offer a range of family meal deals, bundles and discounts during the month of Ramadan*
  • The tasty offers will be available in 18 towns and cities including Birmingham, London Manchester, Leeds, Liverpool, Glasgow, Wigan, Leicetser and Hull
  • Wraps and Wings, Oodles Chinese, Bubble CiTea, Rio’s Piri Piri and Dolce Desserts are some of the Halal restaurants participating in the offer

11th April, 2022, UK: Hundreds of Halal restaurants on Deliveroo are offering a range of discounts for the month of Ramadan, helping customers prepare for the Iftar evening meal, when Muslims end their daily Ramadan fast.

Every day in April, customers can break their fast with a range of meal deals, bundles and discounts from over 300 Halal restaurants on Deliveroo, and sit down to a well-deserved, tasty evening meal with loved ones. 

A huge range of meal deals and offers will be available on the platform from the hundreds of restaurants. Customers will be able to search for participating restaurants under the tag Ramadan Meal Bundles on the Deliveroo app. Wraps and Wings, Oodles Chinese, Bubble CiTea and Dolce Desserts are some of the Halal restaurants participating in the offer. (For a full list of restaurants offering Ramadan discounts, please see notes to editor**). Snapshot of the offers below:

Dolce Desserts is offering a Ramadan deal which includes any milkshake and a crepe for £12.95. 

Oodles Chinese is offering 4 meal deals for a number of different people, like the Meal Deal for 1, the Meal Deal for 2, the Dinner Meal for 2 and the Family Meal Deal, which includes 2x large noodle boxes, 2x small boxes, 2x prawn crackers, 1x spring roll and 4 drinks for £44.99. 

The special offers will be available in the following 18 towns and cities across the UK:

Birmingham, Coventry, Doncaster, Glasgow, Huddersfield, Hull, Leeds, Leicester, Liverpool, London, Manchester, Middlesbrough, Newcastle, Preston, Sheffield, Stoke-on-Trent, Wigan, Hull and York.

ENDS

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Ramadan 2022 began evening of 1st April and ends the evening of 1st May

7 Apr, 2022 By Admin
Deliveroo and Waitrose expand nationwide partnership
  • Over 70 new locations – taking total to 220 
  • The expansion includes almost 30 new towns and cities where Waitrose will be available for the first time on Deliveroo

7 April 2022: Waitrose and Deliveroo have announced that they are expanding their partnership to meet strong customer demand for grocery delivery by adding more than 70 new Waitrose locations by the summer. 

It means that Deliveroo customers will be able to order their favourite Waitrose products for delivery in as little as 20 minutes from over 220 Waitrose locations across the country – more than two thirds of the supermarket’s stores. 

The partnership with Deliveroo is bringing new customers to Waitrose. Almost a third of monthly Waitrose orders on Deliveroo are from customers who have never shopped with the supermarket brand before. Top-selling items include avocados, blueberries, sourdough bread and milk.

This next phase of expansion means Waitrose will be available for the first time on Deliveroo in almost 30 new towns and cities, including Lewes, Cirencester and Newark, where the service will be live from today.  It comes only a year after the partnership was rolled out to 150 Waitrose shops following a successful trial of just five sites in 2020.

Deliveroo customers will be able to order from up to 1,000 products from Waitrose, including its essential Waitrose range – the biggest value tier of any supermarket – plus its premium quality range, Waitrose No. 1 and Waitrose Duchy Organic.  Customers can also order last minute Easter treats, including Heston from Waitrose Mocha Coffee Hot Cross Buns, Tony’s Chocolonley Egg-stra Special Caramel Eggs and Waitrose Egg Hunt chocolates. 

Waitrose is also trialling Deliveroo Hop, the rapid delivery service that brings groceries to customers’ doors in as little as ten minutes, in Bermondsey in London.

James Bailey, Executive Director for Waitrose, said:“Our partnership with Deliveroo shows the strong demand for Waitrose products and that this is one of the ways our customers want to shop with us. People’s plans change and the service ensures we are even more flexible around our customer’s lifestyle, giving them more freedom to be more spontaneous about what they eat or drink and when.”

Carlo Mocci, Chief Business Officer UK&I, Deliveroo said: “It’s fantastic to be able to build further on our successful and long standing partnership with Waitrose, one of Britain’s best-loved brands. By expanding into these new locations, it will give our customers a greater choice of on-demand groceries and household essentials that can be delivered to their doors in as little as 20 minutes.”