Just Eat Takeaway has announced it expects to generate positive adjusted EBITDA in the second half of 2022, compared with adjusted EBITDA of -£134m in the first half of the year.

The Amsterdam-based delivery business reported it intends to improve profitability by improving revenue and delivery costs per order as well as overheads and opex. Due to progress in improvements, the management expects Just Eat to turn profitable earlier than initially anticipated.

Gross transaction value is expected to grow in the low single digits year-on-year in 2022, due to uncertainty in the macroeconomic climate and foreign exchange volatility.

A Q3 2022 trading update will be published on 19 October.