Tuesday, October 19, 2021
HomeBusinessJust Eat Takeaway.com surpasses the 1 billion order mark

Just Eat Takeaway.com surpasses the 1 billion order mark

British orders at Just Eat Takeaway.com rose 25 percent year-on-year in the third quarter as its UK business passed the 1 billion mark.

The food delivery website processed 266 million orders in the three months to the end of September, while total transactions on the platform reached 6.8 billion euros, 23% more than in the same period of the previous year.

Britain posted the strongest growth in its markets, with orders increasing 51 percent in the third quarter compared to the same period in 2020. The company said the 1 billion sales made in the UK since Just was founded. Eat demonstrated “enormous scale and longevity.” Germany was the second fastest growing market.

Its performance was more moderate in the United States, where orders increased just 3 percent in the period compared to last year. The company said an upgrade program was underway to focus on the strongholds of Grubhub, its US business.

Just Eat Takeaway.com was formed in February last year through the £ 10 billion merger of Just Eat and Takeaway.com, its Dutch rival. Just Eat was launched in Copenhagen in 2001, entered the UK market in 2006 and was listed on the London Stock Exchange in 2014. Takeaway.com was founded in 2000 by Jitse Groen, a Dutch man.

The group, one of the main sponsors of this summer’s postponed Euro 2020 soccer championship, is based in Amsterdam and, in addition to Great Britain and the Netherlands, has operations in Germany, Canada, Australia, France, Spain and Israel.

The company reiterated its guidance of full-year order growth excluding Grubhub of 45 percent, while its gross transaction value is expected to be between € 28 billion and € 30 billion.

Groen, 43, CEO of Just Eat Takeaway, said: “With most of the world coming back to life before the pandemic, our growth in the third quarter of 2021 has remained strong. Just Eat Takeaway is well positioned for fall and winter, our traditional growing season. “

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