The fourth quarter of 2020 saw an impressive surge in orders of 58%.
The takeout delivery group saw a 387% increase in UK delivery orders in the fourth quarter compared to the same period in 2019.
“We’re committed to providing a range of services to our customers,” said Jitse Groen, CEO of Just Eat Takeaway.com. Our investment programme has been extremely successful, bringing significant market share benefits in most countries. ”
“In 2021, we will continue to invest in price leadership, improve service levels and expand our services to restaurants and consumers,” he added.
Just Eat’s global orders rose 57%, with gross revenue revenues exceeding 60% for the fourth quarter, from 720 million euros (£643 million) to 740 million euros (£661 million) has increased to ).
Dunthomas, a senior analyst at Third Bridge, commented on the results: “This year’s terms favored customers ordering more frequently, with potential density that means customers ordered more frequently, larger sizes and riders weren’t travelling. . It’s far away with each delivery.
“The expanded delivery capabilities should allow meals to bring fresh stock to the platform. The platform has relied heavily on restaurants that can meet their orders, more than ever before. Just Eat appears to be fighting a large, dense urban area where Derveoo and Ubeeats generally enjoy more dominant market positions.”
“Uber Eats and Derveoo are both investing in voucher-driven customer acquisition. The key to 2020 is the size of consumers adopting groceries, especially grocery stores’ unique delivery capabilities. As they struggle to expand, all three platforms are keen to leverage the growth of the category in 2020. Another important factor is the newly acquired Grubhub business since 2021. It’s a performance,” he added.
In June, the group agreed to buy a Grubhub. This means that the combined group will become the largest food delivery company outside of China.
Just Eat Takeaway.com shares are -4.53% at 8.658,00 (0904GMT).
