Just Eat Takeaway posts Q1 gross transaction value above expectations (updated)

Just Eat Takeaway.com NV

17/04/2024 06:18

(Adds CEO quote, GTV growth across all markets)
       April 17 (Reuters) - Just Eat Takeaway  TKWY.AS 
reported first-quarter gross transaction value (GTV) above
expectations on Wednesday, on the back of accelerated growth in
its key UK and Ireland markets.
    Europe's biggest food delivery company by revenue posted a
GTV of 6.67 billion euros ($7.08 billion) for the first three
months of 2024, compared to the 6.55 billion euros expected by
analysts in a company-provided consensus, according to Deutsche
Bank.
   "We are excited that the investments in our business are
paying off, and we are looking forward to the rest of the year,"
Just Eat CEO Jitse Groen said in a statement. 
    GTV in the UK and Ireland grew by 11% and in Northern
Europe, which is another key market, by 5%, offsetting an 11%
drop in North America and a 15% decrease in Southern Europe and
Australia, the company said. 
($1 = 0.9415 euros)

 (Reporting by Michal Aleksandrowicz in Gdansk; Editing by Jamie
Freed)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))