Just Eat Takeaway.com breaks through one billion orders mark

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British orders at Just Eat Takeaway.com jumped by 25 per cent year-on-year in the third quarter as its UK business broke through the one 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, up 23 per cent from the same period a year earlier.

Britain delivered the sharpest growth of its markets, with orders up 51 per cent in the third quarter compared with the same period in 2020. The company said that the one billion sales made in the UK since Just Eat had been founded demonstrated “enormous scale and longevity”. Germany was the second fastest-growing market.

Its performance was more muted in the United States, where orders rose by only 3 per cent in the period compared with last year. The company said that an improvement programme was under way to focus on the strongholds of Grubhub, its American business.

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

The group, one of the headline sponsors of this summer’s delayed Euro 2020 football championship, has its headquarters in Amsterdam and, in addition to Britain and the Netherlands, has operations in Germany, Canada, Australia, France, Spain and Israel.

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

Groen, 43, Just Eat Takeaway’s chief executive, said: “With most of the world returning to pre-pandemic life, our growth in the third quarter of 2021 has remained strong. Just Eat Takeaway is well positioned for autumn and winter, our traditional growth season.”

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Just Eat Takeaway.com breaks through one billion orders mark

Business Matters

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