Just Eat Takeaway.com N.V. (JET.L), a foremost player in the Dutch online food delivery sector, revealed a downturn in its Gross Transactional Value (GTV) and order count for the third quarter, significantly influenced by softness in the North American market.
Looking ahead to fiscal year 2024, Just Eat Takeaway maintains its forecast for a consistent currency GTV growth, excluding North America, projected to be within the 2% to 6% range year-over-year. The company anticipates an adjusted EBITDA of approximately 450 million euros.
Furthermore, the company reaffirmed its long-term objective of achieving a group adjusted EBITDA margin exceeding 5% of the GTV.
In early trading on the Amsterdam exchange, the company's shares declined by 4.2%, resting at 11.82 euros.
For the third quarter, the Total GTV stood at 6.34 billion euros, marking a 3% decrease from the previous year's 6.53 billion euros. Conversely, when excluding North America, the GTV saw a 3% rise compared to the previous year, reaching 4.16 billion euros.
In this quarter, the total order volume fell by 6% to 211.1 million, as opposed to last year's 224.2 million. When North America is excluded, there was a 3% decrease in order numbers.
The company highlighted that Northern Europe and the UK and Ireland are sustaining positive growth momentum, with these regions now contributing to approximately 60% of the Group's total orders.
