By Ian Walker
Just Eat Takeaway.com has reported a 5% fall in gross transaction value over the fourth quarter but said this was the best period of the year, and raised its full-year guidance.
The Amsterdam-based food-delivery group said Wednesday that fourth-quarter gross transaction value–a key metric for the industry–was 6.75 billion euros ($7.34 billion) compared with EUR7.11 billion for the comparable period a year earlier.
Within this, Northern Europe and the U.K. and Ireland increased 5% while North America fell 15%.
Just Eat sees adjusted earnings before interest, taxes, depreciation and amortization for the year of about EUR320 million, up from EUR310 million. This was upgraded in October from EUR275 million.
Free cash flow was approximately break-even in the second half year, in-line with guidance.
The company processed 223.1 million orders in the quarter compared with 239.8 million for the comparable period a year earlier.
Just Eat said that it continues to actively explore the partial or full sale of Grubhub but cautioned that there is no certainty any deal will be agreed, nor the timing of any.
Write to Ian Walker at ian.walker@wsj.com
