Just Eat shares rose over 6% in premarket trading. Just Eat Total Orders grew 33% to 1.1B in 2021.
Just Eat Takeaway.com provides trading update for Q4 and FY 2021.
For Q4, Total Orders grew 14% Y/Y to 273.7M, with Total Delivery Orders up 32% over prior year to 118.9M orders.
In FY 2021, the company processed 1.1B orders, representing a 33% increase compared with 2020, Total Delivery Orders rose 69% Y/Y to 474.3M.
Gross Transaction Value (GTV) was €28.2B for FY21, up 31% Y/Y. GTV amounted to €7.3B in Q4, an increase of 17% compared with the same period of 2020.
The adjusted EBITDA margin improved substantially in Q4, and as a result the adjusted EBITDA margin for FY21 is expected to be at the midpoint of the guided range of -1% and -1.5% of GTV.
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