Just Eat Takeaway Full-Year Sales Rise on Order Growth

Just Eat Takeaway.com NV’s sales rose last year on greater full-year order numbers at the food delivery giant.

(Bloomberg) — Just Eat Takeaway.com NV’s sales rose last year on greater full-year order numbers at the food delivery giant.

Revenue increased about 4% to €5.6 billion ($5.9 billion) in 2022, the company said in a statement Wednesday. That matched what analysts expected in the period. 

Orders dropped 12% in the fourth quarter, according to Just Eat’s January trading update. The firm said the pandemic continued to affect its year-on-year comparison, but a focus on profitability resulted in Just Eat meeting its goal of positive adjusted earnings before interest earnings before interest, taxes, depreciation and amortization in 2022.

Just Eat has said it continues to actively explore the possible sale of its US-based Grubhub unit.

 

 

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