Just Eat Takeaway.com revenue climbs by 54% in 2020

Just Eat Takeaway.com (AMS: TKWY) said on Wednesday that acquisition and integration costs resulted in a wider net loss last year. The company, however, expressed confidence that orders are likely to see a sharp growth in 2021, amidst the ongoing Coronavirus pandemic that continues to restrict people to their homes. Chief Executive Jitse Groen said in a comment on Wednesday:

Just Eat Takeaway.com shares that you can easily trade via trading apps, were reported roughly 4% up in premarket trading on Wednesday but lost most of the intraday gain on market open. Including the price action, the stock is now exchanging hands at a per-share price of £70.41 versus a higher £80.08 per share at the start of 2021.

Just Eat Takeaway.com adjusted EBITDA comes in at £219 million

Takeaway.com reported £129.24 million of net loss in 2020. In the previous year, its net loss was capped at a lower £98.43 million. The Dutch company valued its revenue in the recently concluded year at £1.75 billion, compared to a significantly lower £356.05 million in 2019.

Just Eat Takeaway.com said that its adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) in 2020 posted an 18% year over year increase to £219.11 million. The combined company’s revenue saw a 54% annualised growth last year to £2.05 billion that matched the company’s guidance.

In separate news from Europe, Spanish multinational fast-fashion retailer, Inditex, said that its net profit tanked 70% in 2020 due to the COVID-19 restrictions.  

Just Eat Takeaway.com reports an 88% growth in orders

Just Eat Takeaway.com is currently in the process of acquiring Grubhub (a US-based food delivery company). The Anglo-Dutch company said that it was difficult to precisely judge the material impact of the aforementioned acquisition, due to which it refrained from its guidance for the future on Wednesday.

Just Eat Takeaway.com said that its orders in the first two months of 2021 were 88% up in the UK. The company intends to expand its investments to broaden its market share and drive further growth in the United Kingdom.

Just Eat Takeaway.com performed slightly upbeat in the stock market last year with an annual gain of close to 10%. At the time of writing, the Amsterdam-headquartered company has a market cap of £10.12 billion.