Just Eat Takeaway posts 36% growth in 2024 core profit (updated)

Just Eat Takeaway.com NV

24/02/2025 06:51

(Adds CEO quote in paragraph 2, outlook and Prosus takeover
offer from paragraph 4)
       Feb 24 (Reuters) - Just Eat Takeaway.com  TKWY.AS  on
Monday reported a 36% rise in its annual core profit on
improvement in the key UK and Ireland markets, mainly due to
lower costs of fulfilling orders and more efficient marketing.
    "We advanced our products, further expanded our partner
base, particularly in verticals like grocery, electronics, and
pharmacy," CEO Jitse Groen said in a statement.
    Europe's biggest meal delivery firm said its adjusted
earnings before interest, taxes, depreciation and amortization
(EBITDA) rose to 460 million euros ($484 million) in 2024, from
339 million a year earlier.
    The company forecast constant currency growth of 4% to 8% in
its gross transaction value (GTV) in 2025, excluding the Rest of
World segment. 
    It also sees adjusted EBITDA of between 360 million to 380
million euros and a free cash flow of about 100 million euros
this year.
    In a separate press release, Dutch technology investor
Prosus  PRX.AS  said it had agreed to buy Just Eat for 4.1
billion euros through an all-cash offer fully supported by the
delivery firm's board.
($1 = 0.9512 euros)

 (Reporting by Michal Aleksandrowicz in Gdansk; Editing by Milla
Nissi)
 ((michal.aleksandrowicz@thomsonreuters.com))