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 a trading update for the full year 2018
• Revenue grew by 44% to €240.0 million in 2018 compared with €166.5 million in 2017. Excluding Israel, which has been consolidated from 26 September 2018, revenue grew by 41% to €234.7 million in 2018.
• Marketing expenses increased by 10% to €127.8 million in 2018 compared with €116.6 million in 2017, substantially lower than order and revenue growth, reflecting Takeaway.com’s brand strength and the recurring nature of consumer behaviour.
• In 2018, Takeaway.com continued to invest in its organisation and staff to manage its growth strategy and to support the growth of its Scoober operations.
• Takeaway.com’s Adjusted EBITDA in the second half of 2018 was approximately in line with its Adjusted EBITDA in the first six months of 2018.
• Takeaway.com processed 93.9 million orders in 2018, representing a 38% increase compared with 2017. Orders via Takeaway.com’s restaurant delivery service Scoober represented 3.0% of total orders in 2018 versus 1.4% of total orders in 2017.
• Cash and cash equivalents were €77.8 million as at 31 December 2018 compared with €89.8 million at 31 December 2017. At the end of 2018, Takeaway.com had a €150 million bridge debt facility outstanding related to the 10bis acquisition in Israel. • Takeaway.com will publish its full year 2018 results at 7:00am CET on 13 February 2018.