Just Eat Takeaway.com has reported a strong first half in 2020, seeing revenue growth of 44% in the first six months.

The global delivery giant reached €1 billion in revenue over the period, compared with €715 million in the first half of 2019, and saw an adjusted EBITDA uplift of 133% to €177 million (€76 million in 2019).

Losses for the period were at €158 million, compared with a loss of €27 million in the first half of 2019, which the group has attributed to amortisation, advisory, transaction and integration related expenses connected to the combination of Just Eat and Takeaway.com and the proposed all-share transaction with Grubhub.

Over the last 12 months, the group added a record number of new restaurants and active consumers and has seen the number of orders per returning active customer improve, leading to a “significant” acceleration of top line growth.

Just Eat integration is “on track and progressing well,” with all brands sharing the same logo, and the group has said it has embarked on an aggressive investment programme in the United Kingdom, Canada, Australia, Italy, Spain, France and several other ex-Just Eat markets.

“Just Eat Takeaway.com is in the fortunate position to benefit from continuing tailwinds,” said CEO Jitse Groen. “The United Kingdom, Germany, Canada, the Netherlands, Australia, and Brazil are performing particularly strongly. Our businesses have healthy gross margins, and all our segments are adjusted EBITDA positive.

“On the back of the current momentum, we started an aggressive investment programme, which we believe will further strengthen our market positions. We are convinced that our order growth will remain strong for the remainder of the year.”

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