Takeaway.com N.V. (AMS: TKWY), hereinafter the “company”, or together with its group companies “Takeaway.com”, the leading online food delivery marketplace in Continental Europe, hereby issues an order update for the fourth quarter of 2017. Full year results will be published at 7:00am CET on 28 February 2018.
“The fourth quarter of 2017 marks the end of our first full year as a listed company. Takeaway.com is now comfortable market leader in all its Leading Markets, and we are confident that we will see continued market share gains. Takeaway.com saw excellent growth in the last quarter of 2017, taking into account the tough comparison with the strong fourth quarter of 2016. We therefore reiterate our medium-term objectives and are determined to make 2018 even more successful than 2017.”
1) Excluding white label orders. Total white label orders in 2017 year-to-date were approximately 15K
2) The acquisition of the Netherlands' activities of Just Eat Benelux has been included from August 2016
3) Other comprises Belgium, Austria, Poland, Switzerland, France, United Kingdom, Luxembourg and Portugal
• Takeaway.com processed 68.3 million orders in 2017, representing a 38% increase compared with 2016. Order growth in Q4 2017 was 30% compared with Q4 2016, despite growth being particularly high in the fourth quarter of 2016. The growth in Q4 2016 was mainly driven by increased marketing investments post- IPO, which resulted in a significant acceleration of order growth as opposed to prior quarters. Growth throughout 2017 should be considered as a continuation of this acceleration.
• The Netherlands continued its strong growth trajectory with orders growing by 30% for the full year. Order growth in Q4 2017 amounted to 25% compared with Q4 2016.
• In Germany, full year order growth was 38%, which led to further market share gains. Q4 2017 order growth was 29% compared with Q4 2016. Management believes that Takeaway.com’s market share in Germany in terms of orders today is approximately 20% larger than that of the number two and number three websites combined and management expects this gap to widen further in 2018.
• In the Other segment, full year order growth amounted to 55%. In 2017, Takeaway.com further strengthened its market leadership in terms of orders in Austria, Belgium and Poland by maintaining high growth rates. Q4 2017 order growth was 39% compared with Q4 2016. As stated before, management sees Poland as a significant long-term growth opportunity.
• In line with Takeaway.com’s strategy to further develop restaurant delivery services in selected markets, Scoober operations were launched in Zurich, Switzerland. The company currently provides restaurant delivery services in 24 European cities in six countries.
• In order to concentrate on sustainable market leading positions, management has decided to withdraw from the French market, effective as of 11 February 2018. The impact on group results and the segment Other will be immaterial.
In accordance with previous trading updates, the company provides further insight in its Benelux operations by providing alternative segmentation.
1) Excluding white label orders. Total white label orders in 2017 year-to-date were approximately 15K
About Just Eat Takeaway.com
Just Eat Takeaway.com (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 731,000 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, Germany, Ireland, Israel, Italy, Luxembourg, Poland, Slovakia, Spain, Switzerland, the Netherlands and the United Kingdom.
Most recent information is available on our corporate website and follow us on LinkedIn and X.
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