just eat takeaway annual reportjust eat takeaway annual report

Headquartered in Amsterdam, the Company is focused on connecting consumers and restaurants through its platforms. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. The average commission rate for Takeaway.com increased to 12.6% in 2019 from 12.1% in 2018, mainly driven by an increase in the standard commission rate in Germany and Poland from the start of 2019 and an increasing share of Scoober orders, which generally carry higher commission rates. In some cases, you can identify forward-looking statements because they contain words such as anticipates, believes, contemplates, could, seeks, estimates, intends, may, plans, potential, predicts, projects, should, will, would or similar expressions and the negatives of those terms. of 15.0 million, proceeds from the accelerated bookbuild offering of 418.0 million, and repayment of 150.0 million of the bridge facility which was raised in connection with the 10bis acquisition. E:Joris.Wilton@takeaway.comT: +31 6 143 154 79, For more information, please visit our corporate website:https://corporate.takeaway.com. Just Eat Takeaway.coms future financial or operating performance and include, without limitation, statements relating to the proposed merger and the potential impact of the COVID-19 outbreak on Grubhub This result validates our single brand strategy and demonstrates our ability to achieve scale and efficiency benefits in our marketing spend over time. Just Eat may be the best example of perfect market fit in the wrong country. Launched in Denmark in 2001, the team slowly realised they had built a great technology for local businesses, but in a country with a relatively small interest in takeaways. For additional information concerning factors that could cause actual results and outcomes to differ materially from those expressed or implied in the forward-looking statements, please refer to the cautionary statements and risk factors included in Grubhubs filings with the Securities and Exchange Commission (the SEC), including Grubhubs Annual Report on Form 10-K filed with the SEC on March 1, 2021, Grubhubs Quarterly Reports on Form 10-Q and any further disclosures Grubhub makes in Current Reports on Form 8-K. Grubhubs SEC filings are available electronically on Grubhubs investor website atinvestors.grubhub.comor the SECs website atwww.sec.gov. JUST EAT plc is a United Kingdom-based operator of online and mobile market place for takeaway food. Front cover With four stores serving delicious fresh Adjusted EBITDA in the Netherlands grew to 58.9 million in 2019 from 53.2 million in 2018. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. FAQ. Cash and cash equivalents decreased to 49.8 million as at 31 December 2019 from 89.6 million as at 31 December 2018, representing a decrease of 39.8 million. Also in connection with the proposed merger, Just Eat Takeaway.com will file with the Netherlands Authority for the Financial Markets (AFM) and/or the UK Financial Conduct Authority (FCA) a prospectus for the listing and admission to trading on Euronext Amsterdam and/or the admission to listing on the FCAs Official List and to trading on the London Stock Exchanges Main Market for listed securities of the shares to be issued in connection with the proposed merger (the Prospectus). And read the PDF documents on your computer and mobile device. The Solution "Cat Rock Capital believes the path forward for JET is clear. Fix Communication: JET needs to provide investors with transparency on the expected magnitude, composition, and returns of. Check out our food delivery report, Largest Just Eat age demographic is 18-34 year olds, young families on average order the most, The average restaurant receives 2,300 orders per year. As a result of the above, we realised a gross margin of 73% in 2019, compared with 81% in 2018. Amsterdam, 17 March 2021. Also in connection with the proposed merger, Just Eat Takeaway.com will file with the Netherlands Authority for the Financial Our team continued its strong execution in the first quarter easily hitting records for all of our key business metrics, said Matt Maloney, Grubhub founder and CEO. And your smartphone or tablet needs to run on iOS 12 or Android 5.0 and later. Just Eat Takeaway.com Annual Report 2022 Message from the CEO. Performance marketing represents costs related to pay-per-click marketing such as search engine and affiliate marketing. Orders processed in Germany grew by 113% to 69.5 million in 2019 compared with 2018. UK Competition and Markets Authority investigation. The loss was driven by significant advisory, transaction and integration related expenses connected to the acquisition of the German Businesses and Just Eat, and by higher amortisation expenses on acquired intangible assets in Germany. Source: Kantar Media, Extraordinaries & Discontinued Operations. In the Other Leading Markets segment, the adjusted EBITDA was minus 51.8 million in 2019 compared with minus 27.8 million in 2018, largely driven by the full year impact of acquisitions in Israel, Romania, Bulgaria and Switzerland and our continuing investments in these high-potential and underpenetrated markets. outbreak, its severity, the actions taken to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume. The percentage of orders paid online amounted to 66% of total orders in 2019, up from 61% in 2018, representing over 2 billion in GMV. Marketing expenses, including voucher expenses, as an absolute amount increased modestly by 13% to 15.6 million in 2019 compared with 13.8 million in 2018, resulting in a further improvement of marketing expenses as a percentage of gross revenue to 13% in 2019 compared with 14% in 2018. CHICAGO, April 28, 2021 /PRNewswire/ Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today announced financial results for the first quarter ended March 31, 2021 and also posted a letter to shareholders on its investor relations website. Source: Kantar Media. Forward-looking statements represent Grubhubs and Just Eat Takeaway.coms managements beliefs and assumptions only as of the date of this communication, unless otherwise indicated, and there is no implication that the information contained in this communication is made subsequent to such date. Gross revenue[1]grew by 78% to 426.8 million in 2019 compared with 240.0 million in 2018. actually close down completely during the course of the year. Depreciation and amortisation expenses were 37.6 million in 2019, up from 7.9 million in 2018. Non-GAAP Adjusted EBITDA: $(9.3) million, a decrease from $21.0 million in the first quarter of 2020. Get in touch with us. Most Recent Annual Report MOST RECENT 2018 Annual Report Report Locked. information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be Germany, our improved marketing efficiency through the integration of the German Businesses demonstrated the scalable nature of our business and was the primary driver of the 45-percentage point improvement in our adjusted EBITDA margin in 2019 compared with 2018. Gross revenue in Other Leading Markets grew by71% to 95.2million in 2019compared with 55.7million in 2018. 1Key Business Metrics are defined on page 29 of our Annual Report on Form 10-K filed on March 1, 2021. We have collected data and statistics on Just Eat Takeaway. Euronext Amsterdam Excluding the impact of delivery expenses, cost of sales increased by 86% year-on-year, above order growth, driven by growth in the share of online payments, growing share of merchandise items and increased printer costs driven by the onboarding of new restaurants. By signing up you agree to our privacy policy. Note: After 2019 includes Takeaway.com. Our finance expense increased to 16.3 million in 2019, from 1.3 million in 2018, mainly as a result of 10.3 million interest expenses related to the 250 million convertible bonds, 2.8 million transaction costs related to the bridge financing commitment obtained in connection with the German Businesses and 0.7 million incurred in financing costs associated with Just Eat transaction. The Management Board, having responsibility for risk management with oversight from the Supervisory Board, believes that Takeaway.com's risk management framework operated effectively in the full year 2019. Under the terms of the Increased Takeaway.com Offer, the total consideration consists of the grant of 0.12111 newly issued shares in the Company to Just Eat shareholders in exchange for each Just Eat share. The main drivers of the year-over-year increase were the issue of convertible bonds with a face value of 250.0 million, the drawdown on our revolving credit facility. Excluding the impact of Scoober, the gross margin remained at 91%. Adjusted EBITDA in the Netherlands grew to 58.9 million in 2019 from 53.2 million in 2018. Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), hereinafter the 'Company', or together with its group companies 'Takeaway.com', one of the world's largest online food delivery marketplaces, hereby reports its financial results for the full year 2019. The combination of Just Eat and Takeaway.com has rapidly grown to become a leading online food delivery marketplace with operations in the UK, the Netherlands, Germany, Denmark, France, Ireland, Italy, Norway, Spain, Belgium, Poland, Austria, Israel, Switzerland, Luxembourg, Portugal, Bulgaria, Romania, Australia & New Zealand, Canada, Mexico and Brazil. On 19 December 2019 the Company announced the terms of an increased and final all-share offer (the 'Increased Takeaway.com Offer') to acquire the entire issued and to be issued ordinary share capital of Just Eat plc. London Stock Exchanges Main Market for listed securities of the shares to be issued in connection with the proposed merger (the Prospectus). SkipTheDishes is part of Just Eat Takeaway.com, a leading global online food delivery marketplace. WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION, Just Eat Takeaway.com receives all regulatory approvals required in respect of its proposed acquisition of Grubhub. You may obtain free copies of these documents from Grubhub or Just Eat Takeaway.com using the sources indicated above. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Non-recurring integration expenses relate primarily to severance costs and professional advisory fees incurred in connection with the integration of the German Businesses. Voucher expenses amounted to 11.0 million in 2019 and 7.7 million in 2018. Just Eat PLC has reached its limit for free report views. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. The new company is called Just Eat Takeaway. failing to fully realize anticipated synergies, cost savings and other anticipated benefits of the proposed merger when expected or at all; potential adverse reactions or changes to business relationships resulting from the announcement or Management Board and Supervisory Board Composition, Report of the Remuneration & Nomination Committee, Consolidated statement of profit or loss and, Consolidated statement of financial position, Consolidated statement of changes in equity, Notes to the Consolidated financial statements, Notes to the Company financial statements, operating model and organisational structure, healthcare workers and charitable initiatives, The coronavirus resulted in unprecedented. According to the Increased, Takeaway.com Offer, Just Eat shareholders will own approximately 57.5% of the share capital of the Company and Takeaway.com shareholders will own approximately 42.5% of the share capital of the Company, . All rights reserved. For additional information concerning factors that could cause future results to differ from those expressed or implied in the forward-looking statements, please refer to Just Eat Takeaway.com's non-exhaustive list of key risks and cautionary statements included in Just Eat Takeaway.com's Annual Report, which is available electronically on . This increase was mainly driven by the increase in goodwill and other intangible assets due to acquisition in Germany and, to a lesser extent, an increase in property and equipment due to initial application of IFRS 16, as well as a decrease in deferred tax assets due to utilisation of tax losses. After the merger, Just Eat Takeaway reports average order value, of which a small percentage is total revenue per order. It also acquired Skip the Dishes in Canada, which has become the most popular aggregator in Canada. The Company enables local restaurants and customers to connect through JUST EAT platform for ordering food delivery. In addition, Takeaway.com recognised a deferred tax expense amounting to 18.6 million in 2019 compared with 29.1 million deferred tax benefit in 2018. Non-current liabilities increased to 282.7 million in 2019 from 27.6 million in 2018, driven by the issuance of convertible bonds and increased deferred tax liabilities. Directly accessible data for 170 industries from 150+ countries The full year 2019 and 2018 information in the condensed financial statements is derived from Takeaway.com's 2019 Financial Statements, as included in the 2019 Annual Report (the Financial Statements), which will be published on 12 March 2020. Our staff, excluding couriers, increased to 2,433 FTEs as at 31 December 2019 from 1,432 FTEs as at 31 December 2018. International stock quotes are delayed as per exchange requirements. continued availability of capital and financing following the proposed merger; the outcome of any legal proceedings that may be instituted against Grubhub, Just Eat Takeaway.com or their respective directors and officers; changes in global, This improvement was driven by our greater scale and efficiency in marketing, which offset the increased investments in our organisation and Scoober. In 2019, the average commission rate was positively impacted by a commission increase in Poland, the increasing Scoober share and offset by the full year impact of acquisitions in Israel, Bulgaria and Romania. Takeaway.com has had an internal audit function in place since the end of 2017. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Temporary staff expenses were 10.7 million, representing a 123% increase compared with 2018. We saw strength across all of our markets during the first quarter, with the highest growth coming in places with a heavy existing competitive presence. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Jitse Groen, Brent Wissink and Jrg Gerbig will host an analyst and investor conference call to discuss the full year 2019 results at 10:30 am CET on Thursday 13 February 2020. AMSTERDAM, June 15, 2021 /PRNewswire/ -- The Transaction represents Just Eat Takeaway.com's entry into online food delivery in the United States and builds on the strategic rationale for the. Grubhub features over 300,000 restaurants and is proud to partner with more than 225,000 of these restaurants in over 4,000 U.S. cities. The successful integration resulted in significant scale benefits and, as a result, the German adjusted EBITDA turned positive from the third quarter of 2019, with adjusted EBITDA in the second half of 2019 amounting to 11.9 million. Full Year 2019 Results Takeaway.com gross revenue up by 78%; Germany up 145% Statement of Jitse Groen, CEO of Just Eat Takeaway.com N.V.:' For the first time since our IPO, the Company ended the year with a positive Adjusted EBITDA.Achieving this by the end of the third quarter was one of the medium-term targets in our IPO prospectus. In the Other Leading Markets segment, marketing expenses as a percentage of revenue improved to 56% in 2019 from 72% in 2018, despite the highest absolute growth in spending among our segments. It owned a 33 percent stake in Brazilian food giant iFood, but sold the stake in 2022 for 1.7 billion in 2022. F-4 to register the shares to be issued in connection with the proposed merger. Jitse Groen, Brent Wissink and Jrg Gerbig will host an analyst and investor conference call to discuss the full year 2019 results at 10:30 am CET on Thursday 13 February 2020. Marketing expenses, including voucher expenses, increased by 20% to 153.8 million in 2019 compared with 127.8 million in 2018, substantially lower than our order and revenue growth, reflecting the effectiveness of our marketing investments, the strength of our brand and the recurring nature of consumer behaviour. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM F-4 AND THE RELATED PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM F-4, THE PROSPECTUS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE Takeaway.com processed 159.2 million orders in 2019, representing a 70% increase compared with 2018, supported by the consolidation from 1 April 2019 of Delivery Hero Germany GmbH and Foodora GmbH ('the German Businesses'). We have listed all Just Eat Takeaway.com annual reports that we have found. Gross revenue in the segment grew by 71% to 95.2 million in 2019 from 55.7 million in 2018, including the full year effect of businesses acquired in Israel, Romania, Bulgaria and Switzerland in 2018. In 2005, Just Eat launched in E14 Docklands, and within six months were generating 7,000 a month from that single postcode. Click the button below to request a report when hardcopies become available. filed with the SEC regarding the proposed merger when they become available. In 2019, the Netherlands achieved gross revenue and order growth of 23% and 16% respectively compared with 2018. Want to learn more about the food delivery app industry? First Quarter 2021 Highlights This communication contains forward-looking statements regarding Grubhub, Just Eat Takeaway.com or their respective managements future expectations, beliefs, intentions, goals, strategies, plans and prospects, which, in the case of Grubhub, are made in reliance on the safe harbor provisions of the U.S. Just Eat Takeaway.Com N.V. (GRUB) SEC Filing 20-F Annual Report for the fiscal year ending Friday, December 31, 2021 GRUB Valuations Intrinsic Value Financial Stability Financial Ratios Insider Trades Manager Portfolios Notifications GRUB Annual Reports 20-F Annual Report March 2022 PDF Word Excel CSV GRUB Corporate News 6-K Foreign Issuer Report Use Adobe Acrobat Reader and Liquid Mode for best reading experience. The search results will only contain links to PDF files.'. Participants in the Solicitation We define Adjusted EBITDA as net income (loss) adjusted to exclude merger, acquisition, restructuring and certain legal costs, income taxes, net interest expense, depreciation and amortization and stock-based compensation expense. The amendment provides additional certainty for the parties regarding the timing of the necessary steps to completion, Condensed consolidated statement of profit or loss and other comprehensive income for the year ended 31 December. they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery All subsequent written and oral forward-looking statements attributable to Grubhub, Just Eat Takeaway.com or any person acting on behalf of either party are expressly qualified in their In addition, Just Eat Takeaway.com provides its proprietary restaurant delivery services for restaurants that On 3 February 2020, trading in shares in Just Eat Takeaway.com N.V. commenced on the London Stock Exchange. statements involve substantial risks, known and unknown, uncertainties, assumptions and other factors that may cause actual results, performance or achievements to differ materially from future results expressed or implied by such forward-looking