UK's Deliveroo returns to order growth in first quarter (updated)

Just Eat Takeaway.com NV

18/04/2024 08:16

(Adds CEO quote in paragraph 4, shares in paragraph 5)
       LONDON, April 18 (Reuters) - British meal delivery
company Deliveroo  ROO.L  reported a return to order growth in
its first quarter, with a 2% increase year-on-year driven by its
operations in France, UAE and Hong Kong and continued strength
in Italy.
    Orders in Britain and Ireland, which account for more than
half its total, were flat, it said on Thursday.
    The gross transaction value of its orders increased 6% to
1.83 billion pounds ($2.28 billion), it said, while revenue grew
2% to 514 million pounds, an acceleration on 1% growth in the
previous quarter. Guidance for the full 2024 year was
maintained.
        Chief Executive Will Shu said: "I am pleased with the
start we have made to this year, building on the strong progress
in 2023."
  
        Shares in Deliveroo, which competes with Just Eat
Takeaway  TKWY.AS  and Uber Eats, rose 3% in early deals.


($1 = 0.8021 pounds)

 (Reporting by Paul Sandle; editing by James Davey)
 ((paul.sandle@thomsonreuters.com; +44 20 7542 6843; Reuters
Messaging: paul.sandle.thomsonreuters.com@reuters.net))