Just Eat Takeaway: Announces Q4-2023 Trading Update

Amsterdam / NL. (tkwy) Just Eat Takeaway.com N.V., hereafter the «Company» or together with its subsidiaries «Just Eat Takeaway.com», one of the world’s leading online food delivery companies, 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 ahead of guidance, expected to be approximately €320 million
  • Free cash flow was approximately break-even in H2 2023, in-line with guidance

CEO and founder Jitse Groen: «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.»

(Table: Just Eat Takeaway.com)20240118-JE-TAKEAWAY-FY-2023

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.