Just Eat Takeaway.com N.V. - ADR (New)

-0.40 (-2.43%)
Positive Earnings Pre-Announcement, Mergers / Acquisitions

Just Eat Takeaway.com FY Loss For Period Widens To EUR 151 Mln

Published: 03/10/2021 06:18 GMT
Just Eat Takeaway.com N.V. - ADR (New) (GRUB) - Full Year 2020 Results.
FY Revenue Increases 54% to €2.4 Billion, Adjusted EBITDA of €256 Million.
Adjusted EBITDA on a Combined Basis for Just Eat Takeaway.com Increased to €256 Million in 2020, Up 18% From €217 Million in 2019.
Loss for the Period on an Ifrs Basis Was €151 Million in 2020, Compared With a Loss of €115 Million in 2019.
Just Eat Takeaway.com Processed 588 Million Orders in 2020, Representing a 42% Increase Compared With 2019.
In 2021 We Will Prioritise Market Share Over Adjusted EBITDA.
Will Continue to Invest to Drive Further Growth and Market Share Gain, in Line With the Fourth Quarter of 2020.
Management Expects Further Order Growth Acceleration for the Full Year of 2021 Compared With 2020.
Given the Material Impact of Combining With Grubhub Inc. on Our Plans for 2021 and the On-going Integration Between Legacy Just Eat and Takeaway.com Business, We Are Not Providing an Outlook.
On Grubhub: Completion of the Transaction is Anticipated to Occur in the First Half of 2021.
Marketing Investments Were Significantly Reduced From Mid-march Until May 2020, Due to Uncertainty About the Impact of Covid-19 on Our Business, and Lower Relevance of Outdoor Advertising.