(ANSA) – MILAN, 12 JAN – The European food delivery giant Just Eat Takeaway saw the growth of orders on its platform slow in the fourth quarter. In detail, the increase was 14% compared to the same quarter of 2020 but lower if compared with the + 25% of the third quarter. While in 2021 orders registered a + 33% to 1.09 billion euros, however below Bloomberg’s estimate of 1.11 billion euros.
Just Eat Takeway expects 2021 to be its “peak loss year,” writes Bloomberg, and has prepared investments in key areas such as its courier network in an effort to regain momentum.
The shares lost more than half of their value over the course of 2021 with the company struggling to push back the competition as investors await the transformation promised by the purchase of Grubhub. Cat Rock Capital Management, which owns approximately 6.5% of the company, asked for Grubhub to be sold or spun off in an effort to boost weak equity performance. (HANDLE).
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Source From: Ansa
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