AUS
NZ
UK
CA
USA
IND
Food courier company Just Eat Takeaway.Com N.V. (LON: JET) and retail chain Lidl have posted a surge in sales in the final weeks of 2020.
- Due to the lockdown restrictions, delivery orders surged by almost 400 per cent in Q4 2020 as compared with the same period of 2019.
- At Lidl, sales surged by 17.9 per cent in the last four weeks of December as compared with the same period in 2019.
- Just Eat Takeaway.com reported a 57 per cent spike in orders across Europe between September and December as compared with the same period of 2019.
- Just Eat ramped up its market leading positions by drastically investing in its most crucial countries, which led not only to strong financials but also in strong growth in Marketplace Sales and Delivery business.
(Image source: ©Kalkine Group 2020)
- The company revealed that the business growth in UK remained encouraging as the region witnessed an order growth of 58 per cent. The company in view of the stupendous growth had increased its Delivery Orders by almost five times in the fourth quarter of 2020 compared with the fourth quarter of 2019.
- Backed by substantial investments in Delivery in the final quarter of 2020, the management of the company expects revenue growth of more than 50 per cent for the full year 2020, with an adjusted EBITDA margin of around 10 per cent.
- On 14 January 2021, the stocks of Just Eat Takeaway.Com N.V. (LON:JET), traded lower by 3.58% from its previous closing, hovering at around GBX 7,984.00 at 09:30 AM GMT+1.
