Just Eat Takeaway.com, the Amsterdam-based food-delivery group, has announced impressive results for the fourth quarter, despite a 5% decline in gross transaction value. The company reported a gross transaction value of €6.75 billion ($7.34 billion) for Q4, compared to €7.11 billion in the same period last year.
While North America experienced a 15% decline, Northern Europe and the U.K. and Ireland saw a 5% increase in gross transaction value. This performance in Q4 has positioned the company to raise its full-year guidance.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year are projected to reach approximately €320 million, up from the previous estimate of €310 million. This guidance was revised in October from an initial projection of €275 million.
Just Eat also reported processing 223.1 million orders during the quarter, representing a slight decrease from 239.8 million orders in the same period last year.
The company remains actively involved in discussions regarding the potential sale of Grubhub, either partially or in its entirety. However, Just Eat emphasized that there is no certainty regarding the outcome or timing of any deal.
Overall, Just Eat Takeaway.com's strong Q4 performance reflects its resilience and ability to navigate challenges within the food-delivery industry.