Just Eat Takeaway.com NV raised its 2023 adjusted core profit outlook on Wednesday, saying it continues to make good progress on delivery-led operational improvements and is now ahead of plan.
The app for Just Eat is displayed on a smartphone in this posed picture in London, Britain, August 5, 2019. REUTERS/Toby Melvilleraised its 2023 adjusted core profit outlook on Wednesday, saying it continues to make good progress on delivery-led operational improvements and is now ahead of plan.
Europe's biggest meal delivery company expects adjusted earnings before interest, taxes, depreciation and amortisation of 275 million euros in 2023. It had in JanuaryFurthermore, the company said it expected its gross transaction value growth to be in a range of -4% to +2% year-on-year in 2023.The food delivery sector was one of the big beneficiaries of the COVID-19 pandemic, but that effect has waned as consumers, faced with surging prices, have started to cut back spending.
The firm reported total orders of 227.8 million in a first-quarter trading update, 14% below last year's level, and a GTV of 6.67 billion euros, down 8% year-on-year. Just Eat Takeaway also said it launched a share buyback programme of up to 150 million euros to be completed by the end of the year, citing an improvement of future earnings per share and covering the company's obligations.Reporting by Tristan Veyet and Laura Lenkiewicz; Editing by Kim Coghill
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