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Lieferando mother Just Eat Takeaway misses the expert expectation when it comes to orders

Wednesday, 01/12/2022 8:45 AM from

dpa-AFX

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Pizza on a wooden board (symbolic image). pixabay.com

AMSTERDAM (dpa-AFX) – The Lieferando mother Just Eat Takeaway did not grow as strongly in the fourth quarter as it did last. The number of orders rose in the fourth quarter compared to the previous year by 14 percent to almost 274 million, said the Delivery Hero competitor on Wednesday in Amsterdam with. Experts had expected a stronger increase. Just Eat Takeaway was able to increase the number of orders by a quarter in the third quarter. In the year as a whole, the number of orders increased by a third to around 1.1 billion.

The value of the orders rose by 31 percent to 28.2 billion euros and was thus at the lower end of the company’s own forecast of 28 billion to 30 billion euros. With a view to profit, Just Eat Takeaway only announced that the operating margin last year was in the middle of the range last promised. Based on earnings before interest, taxes, depreciation and amortization (Ebitda) adjusted for special effects, the company had forecast a margin of minus 1.5 to minus 1.0 percent based on the transaction volume.

Based on the data published on Wednesday, this results in a loss before interest, taxes, depreciation and amortization (Ebitda) of around 350 million euros after a profit of around 250 million euros. The company reiterated its guidance for 2022 and beyond. According to this, the transaction volume should increase in the middle double-digit percentage range in the current year and the margin should improve to minus 0.8 to minus 0.6 percent. The operating loss should peak in 2021.

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