Just Eat Takeaway posts rise in H1 core earnings on growth in key markets (updated)

Just Eat Takeaway.com NV

31/07/2024 06:42

(Adds quote, buyback announcement, outlook confirmation)
       July 31 (Reuters) - Just Eat Takeaway  TKWY.AS  reported
a more than 40% jump in its first-half core profit on Wednesday,
citing growth in its key northern Europe, UK and Ireland
markets. 
    Europe's biggest food delivery company by revenue posted a
rise in half-year adjusted earnings before interest, taxes,
depreciation and amortisation (EBITDA) to 203 million euros
($219.7 million).
    "Driven by growth of our partner base, expansion of our
Delivery coverage and significant technological advancements,
GTV growth further improved in H1 2024," CEO Jitse Groen said in
a statement. 
    The firm also announced a new share buyback programme of up
to 150 million euros.
    It retained its annual forecast announced in late February.

 ($1 = 0.9239 euros)

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