Just Eat Takeaway.com grew gross transaction value (GTV) in the UK and Ireland by 11% in Q1 2024.

Constant currency GTV growth excluding North America of 3% in Q1 2024, within the 2024 guidance range of 2% to 6% year-on-year

The delivery company reiterated its guidance including adjusted EBITDA of approximately €450m and positive free cash flow before changes in working capital in 2024

Jitse Groen, CEO of Just Eat Takeaway.com said: “Just Eat Takeaway.com started the year well, with the acceleration of GTV growth in UK and Ireland and our continued momentum in Northern Europe in Q1 2024. We are excited that the investments in our business are paying off, and we are looking forward to the rest of the year.”

Under the share buyback programmes announced in April and October 2023, 8.9% of the issued shares were repurchased as per 12 April 2024.

The board has decided to discontinue all operations in New Zealand in the coming weeks. The financial impact is immaterial.

Management and its advisers are continuing to explore the partial or full sale of Grubhub, though said there was “no certainty” when any deal might be made.