Earnings release
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JUST EAT Takeaway.com Amsterdam , 13 April 2021 Just Eat Takeaway.com Q1 2021 Trading Update First quarter orders grow 79 % to 200 million ; GMV up 89 % to € 4.5bn Just Eat Takeaway.com N.V. ( LSE : JET , AMS : TKWY ) , hereinafter the " Company " , or together with its group companies " Just Eat Takeaway.com " , one of the world's largest online food delivery marketplaces , hereby issues a trading update for the first quarter of 2021 . Statement of Jitse Groen , CEO of Just Eat Takeaway.com : “ The first quarter of 2021 marks our fourth consecutive quarter of order growth acceleration . Our fastest growing segment was the United Kingdom , and we are especially pleased with the roll - out of our UK Delivery network , which has reached an impressive 695 % order growth rate year- on - year . We are also very proud of the acceleration in two of our highly profitable markets , with 77 % order growth in Germany and 53 % in the Netherlands . Just Eat Takeaway.com is in excellent shape and the start of 2021 has been very strong . " First quarter¹ Constant 2021 2020 Growth ( in millions ) currency Total Orders 200.0 112.0 79 % United Kingdom 63.8 32.6 96 % Germany 39.2 22.2 77 % Canada 27.6 14.1 96 % Netherlands 15.3 10.0 53 % Rest of the World 54.2 33.1 64 % Delivery Orders 69.4 23.3 198 % United Kingdom 22.9 2.9 695 % Germany Canada 3.1 1.4 124 % 26.5 14.1 88 % Netherlands 1.5 0.6 151 % Rest of the World 15.4 4.3 256 % GMV ( in billions € ) 4.5 2.4 88 % 89 % United Kingdom 1.4 0.7 88 % 88 % Germany 0.9 0.5 98 % 98 % Canada 0.6 0.3 97 % 100 % Netherlands 0.4 0.2 72 % 72 % Rest of the World 1.2 0.7 83 % 84 % 1 The Just Eat business was consolidated from 15 April 2020 on an IFRS basis . Orders and GMV are presented as if the combination was completed on 1 January 2020 to provide comparable information on a combined basis . Figures may not add up due to rounding . 2 Total Orders represent Marketplace Orders and Delivery Orders • Just Eat Takeaway.com's quarterly order growth accelerated for the fourth consecutive quarter . The Company processed 200 million orders in the first quarter of 2021 , representing a 79 % increase compared with the same period of 2020. Gross Merchandise Value ( GMV ) amounted to € 4.5 billion in the first quarter of 2021 , up 89 % on a constant currency basis compared with the first quarter of 2020 . Marketplace and Delivery contributed almost equally to order growth . Just Eat Takeaway.com's Marketplace Orders are highly profitable , while the Delivery Orders are priced very competitively following the Company's price leadership strategy , allowing for future adjusted EBITDA gains . 1