Earnings release
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JUST EAT Takeaway.com Amsterdam , 15 July 2021 Just Eat Takeaway.com Q2 2021 Trading Update Half year 2021 orders up 61 % ( 51 % including Grubhub ) ; GTV of € 14.1 billion Just Eat Takeaway.com N.V. ( LSE : JET , AMS : TKWY , NASDAQ : GRUB ) , 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 second quarter of 2021 . Statement of Jitse Groen , CEO of Just Eat Takeaway.com : " We have combined Just Eat Takeaway.com and Grubhub into one of the largest online food delivery companies in the world . The new combination grew 51 % in terms of orders in the first half year . Adjusted EBITDA losses , mainly caused by US and Canadian fee caps and our investment programme , have now peaked . We therefore expect the Company to trend back to profitability going forward while retaining significant growth during the second half of the year . " ( in millions ) Orders² United Kingdom Germany Canada Netherlands Rest of the World Orders ( excluding US ) United States Pro forma Orders Delivery Orders United Kingdom Germany Canada Netherlands Rest of the World Delivery Orders ( excluding US ) United States Pro forma Delivery Orders GTV³ ( in billions € United Kingdom Germany Canada Netherlands Rest of the World GTV ( excluding US ) United States Pro forma GTV Second quarter1¹ 2021 71.2 40.6 29.4 16.1 55.1 212.4 67.3 279.7 29.7 3.3 28.1 1.7 16.6 79.5 44.1 123.6 1.6 1.0 0.8 0.4 1.2 5.0 2.2 7.2 2020 Growth 44.2 27.0 22,9 12.8 37.9 144.9 58.9 203.8 3.4 1.7 21.7 1.0 6.7 34.4 34.7 69.1 1.1 0.6 0.6 0.3 0.9 3.5 2.2 5.7 61 % 50 % 28 % 25 % 45 % 47 % 14 % 37 % 766 % 99 % 30 % 80 % 148 % 131 % 27 % 79 % 44 % 60 % 30 % 30 % 39 % 42 % 0 % 26 % Constant currency 40 % 60 % 26 % 30 % 38 % 40 % 10 % 29 % 1 2021 135.0 79.8 57.0 31.4 109.3 412.4 134.4 546.8 52.6 6.5 54.6 3.3 31.9 148.9 86.2 235.2 3.1 2.0 1.4 0.8 2.5 9.7 4.4 14.1 Half year¹ 2020 76.8 49,2 37.0 22,8 71.1 256.9 105.9 362.7 6.3 3.1 35.7 1.6 11.0 57.7 56.5 114.2 1.9 1.1 0.9 0.5 1.6 6.0 3.7 9.7 ² Total Orders represent Marketplace Orders and Delivery Orders 3 Gross Transaction Value ( GTV ) represents the total value of Orders placed on our platform , including taxes , tips and any applicable consumer fees Growth 76 % 62 % 54 % 37 % 54 % 61 % 27 % 51 % 733 % 110 % 53 % 108 % 190 % 158 % 53 % 106 % 63 % 77 % 55 % 48 % 59 % 62 % 19 % 46 % Constant currency ¹ The Grubhub business was consolidated from 15 June 2021 and the Just Eat business was consolidated from 15 April 2020 on an IFRS basis . These figures 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 . 62 % 77 % 54 % 48 % 58 % 61 % 31 % 50 %