Just Eat sees 89% growth in demand

Hot food delivery specialists Just Eat Takeaway has reported first quarter gross merchandise value (GMV) growth of 89% year on year to 2020 to €4.5bn.

According to the company, the UK was the biggest growth market: “The UK was the fastest-growing segment and the Company’s main growth driver. Just Eat UK processed 64 million Orders in the first quarter of 2021, up 96% compared with the same period of 2020. New partnerships were signed with household brands such as Leon, Tortilla and Chipotle, as well as coffee chains Starbucks and Costa, adding to Just Eat’s growing restaurant supply. Delivery Order growth was 695% in the first quarter of 2021 compared with the first quarter of 2020, multiple times faster than the growth rate of its UK competitors. In London, Just Eat achieved triple digit Order growth.”

Jitse Groen, CEO of Just Eat Takeaway said: “The first quarter of 2021 marks our fourth consecutive quarter of order growth acceleration. Our fastest growing segment was the United Kingdom, and we are especially pleased with the roll-out of our UK Delivery network, which has reached an impressive 695% order growth rate year- on-year. We are also very proud of the acceleration in two of our highly profitable markets, with 77% order growth in Germany and 53% in the Netherlands. Just Eat Takeaway.com is in excellent shape and the start of 2021 has been very strong.”

Just Eat Takeaway has begun pilots in grocery deliveries in the UK. This follows a trend in the same-day on-demand delivery sector to move out of restaurant delivery and into grocery deliveries. It is reckoned that the value of grocery orders of 20-40% higher than hot food.

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