Just Eat Takeaway.com achieved a 42% increase in revenue in its UK business in 2020, from €509m to €725m. Adjusted EBIDTA for the UK was €216m – up 2% on 2019.
It processed 179 million orders in 2020 – up 35% compared to the prior year, with growth seen across its marketplace and delivery business.
The company claimed it was “the clear market leader in the UK, in terms of orders”. In the first two months of 2021, orders in the UK were up by 88%, and delivery orders up by more than 600% compared to the first two months of 2020.
Just Eat said management expected to increase market share in the UK in 2021.
The group saw total revenue increase by 54% to €2.4 billion in 2020, compared with €1.6 billion in 2019. It reported three consecutive quarters of order growth last year, processing 588 million orders – up 42% on 2019.
Adjusted EBITDA on a combined basis for Just Eat Takeaway.com increased to €256 million in 2020, up 18% from €217 million in 2019, mainly driven by a growth in Germany, Canada and the Netherlands. However losses for the year came in at €151 million in 2020, compared with a loss of €115 million in 2019.
Chief executive Jitse Groen described 2020 as an “exceptional year”. He said that while Covid-19 brought challenges to its restaurants and consumers, and as well its organisation, “it also created tailwinds for our business”.
“In the second half of the year, we increased our investments into the legacy Just Eat business significantly, building on our position as one of the largest food delivery companies in the world,” he said. Adding that Just Eat expects further acceleration of its order growth in 2021.