• Fri. Sep 24th, 2021

World Observer

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Just Eat Revenue Grew 52% During First Six Months Of 2021

BySam Brad

Aug 17, 2021

Just Eat revenue grew 52% during the first six months of the year. Has achieved combined revenue of € 2.6 billion. He expects a year-on-year growth in orders above 45%.They have invested 142 million euros in their different initiatives to support restaurants.

Just Eat Takeaway.com had a combined revenue of 2.6 billion euros at the close of the first half of 2021, which represents an increase of 52% compared to 1.8 billion achieved in the same period of the previous year.

According to the company in a statement, this increase would increase to 63% if the results of GrubHub, the American delivery company acquired by Just Eat a few months ago, are excluded.

The company’s management team, the note continues, maintains its forecasts for the entire year 2021 with year-on-year growth in orders above 45% (excluding GrubHub); a gross transaction value between 28,000 and 30,000 million euros (including GrubHub); and an adjusted Ebitda margin in a range of less than 1% and less than 1.5% of the gross transaction value (including GrubHub).

Support and investment
In the first half of the year, the company has invested mainly in the markets inherited from Just Eat through its three strategic pillars: expansion of the offering; brand awareness; and the customer experience and value proposition, including price leadership. Likewise, from Just Eat they highlight that in these six months of 2021 their different initiatives to support restaurants amounted to 142 million euros.

According to Jitse Groen, the company’s CEO, “In the first six months of this year, Just Eat Takeaway.com has continued to invest significantly, especially in countries where Just Eat has historically invested the least. Our consumer base , the selection of restaurants and the frequency of the orders have increased strongly, which will allow to improve the profitability in the future “.

Sam Brad

The Great Writer and The Passionate Poet As Well, He Graduated from University Of Florida in Journalism and Brad have around 12 years of experience in news and media section.

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