AMSTERDAM (Reuters) – Just Eat Takeaway.com NV, Europe’s largest online food ordering and delivery company, said on Tuesday it expects an underlying profit in the second half of 2022 and earlier
The company’s share price rose by 10% to 15. 74 Euro in Amsterdam shortly after the announcement.
Just Eat said in a statement that it will be at a loss for the second half of the year 74 in the same period as 74 compared to millions of euros.
Previously guided for a negative margin on gross transaction value (GTV) for the full year on its platform.
Just Eat said it had made “significant progress” in boosting revenue per order and cutting delivery and overhead costs, with managers expecting the company to be profitable “earlier than initially expected” .
However, it lowered its full-year GTV growth forecast from mid-single digits to low-single digits due to macroeconomic conditions and foreign exchange volatility.
Just Eat will release its third quarter trading update in October 19.