TIDMJET
RNS Number : 9749Z
Just Eat Takeaway.com N.V.
17 January 2024
Amsterdam, 17 January 2024
Just Eat Takeaway.com Q4 2023 Trading Update
Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), hereinafter
the "Company", or together with its group companies "Just Eat
Takeaway.com", one of the world's largest online food delivery
marketplaces, hereby issues a trading update for the fourth quarter
of 2023.
-- Northern Europe and UK and Ireland exited 2023 at highest ever quarterly GTV level
-- Group GTV growth in 2023 in-line with guidance; Q4 was the best quarter of the year
-- 2023 Adjusted EBITDA [1] ahead of guidance, expected to be approximately EUR320 million
-- Free cash flow [2] was approximately break-even in H2 2023, in-line with guidance
Jitse Groen, CEO of Just Eat Takeaway.com said: "We are excited
that both our Northern European and UK and Ireland segments have
achieved their all-time high quarterly GTV level, showing the
strength of our European business. At the same time, we have
achieved a significant milestone with the Company now becoming free
cash flow positive. We are very much looking forward to 2024 .
"
-- Guidance for 2024 will be provided with the Full Year 2023 Results on 28 February 2024.
-- Management, together with its advisers, continues to actively
explore the partial or full sale of Grubhub. There can be no
certainty that any such strategic actions will be agreed or what
the timing of such agreements will be. Further announcements will
be made as and when appropriate.
Just Eat Takeaway.com
Jitse Groen, CEO
Brent Wissink, CFO
Joerg Gerbig, COO
Andrew Kenny, CCO
Investors:
Joris Wilton
E: IR@justeattakeaway.com
Media:
E: press@justeattakeaway.com
For more information, please visit our corporate website:
https://www.justeattakeaway.com/
About Just Eat Takeaway.com
Just Eat Takeaway.com (LSE: JET, AMS: TKWY) is one of the
world's leading global online food delivery companies.
Headquartered in Amsterdam, the Company is focused on connecting
consumers and Partners through its platforms. With 679,000
connected Partners, Just Eat Takeaway.com offers consumers a wide
variety of choices from restaurants to retail.
Just Eat Takeaway.com has rapidly grown to become a leading
online food delivery marketplace with operations in Australia,
Austria, Belgium, Bulgaria, Canada, Denmark, France, Germany,
Ireland, Israel, Italy, Luxembourg, New Zealand, Poland, Slovakia,
Spain, Switzerland, the Netherlands, the United Kingdom and the
United States.
Most recent information is available on our corporate website
and follow us on LinkedIn and X .
Analyst and investor conference call and audio webcast
Jitse Groen, Brent Wissink, Joerg Gerbig and Andrew Kenny will
host an analyst and investor conference call to discuss the Q4 2023
trading update at 10:30 am CET on Wednesday 17 January 2024.
Members of the investor community can follow the audio webcast on
https://www.justeattakeaway.com/investors/results-and-reports/
.
Media and wires call
Jitse Groen will host a media and wires call to discuss the Q4
2023 trading update at 8:30 am CET on Wednesday 17 January 2024.
Members of the press can join the conference call at +31 (0)20 708
5073 or +44 (0)33 0551 0200.
Additional information on https://justeattakeaway.com
-- Just Eat Takeaway.com Analyst Presentation Q4 2023
Market Abuse Regulation
This press release contains inside information (i) as meant in
clause 7(1) of the Market Abuse Regulation and (ii) in terms of
Article 7(1) of the Market Abuse Regulation as it forms part of UK
law pursuant to the European Union (Withdrawal) Act 2018.
Unaudited figures
All figures in this document are unaudited.
Disclaimer
Statements included in this press release that are not
historical facts (including any statements concerning investment
objectives, other plans and objectives of management for future
operations or economic performance, or assumptions or forecasts
related thereto) are, or may be deemed to be, forward-looking
statements, including "forward-looking statements". These
forward-looking statements may be identified by the use of
forward-looking terminology, including the terms "anticipates",
"expects", "intends", "may", or "will" or, in each case, their
negative or other variations or comparable terminology, or, by
discussions of strategy, plans, objectives, goals, future events or
intentions. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements
reflect the Company's current view with respect to future events
and are subject to risks relating to future events and other risks,
uncertainties and assumptions relating to the Company's business,
results of operations, financial position, liquidity, prospects,
growth or strategies. Past performance is no guide to future
performance and persons needing advice should consult an
independent financial adviser. Forward-looking statements reflect
knowledge and information available at, and speak only as of, the
date they are made, and the Company expressly disclaims any
obligation or undertaking to update, review or revise any
forward-looking statement contained in this press release. Readers
are cautioned not to place undue reliance on such forward-looking
statements.
[1] Preliminary estimate, unaudited and subject to change
[2] Free cash flow before changes in working capital
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END
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