Just Eat has reported a 33% rise in orders, reaching 1.1 billion in 2021, with 274 million taken alone in last three months of the year.
In its Q4 results, the food delivery service reported a 31% rise in sales by gross transaction value (GTV) to £23.5 billion in 2021, with a 13% hike in its fourth quarter.
A 19% growth was also reported in GTV sales over the period to £1.4 million.
According to Just Eat, the UK & Ireland were the “fastest growing segment” for both the quarter and the year, while significantly improving adjusted EBITDA. As a result, it reported a 52% increase over 2021 to 288.8 million and a 23% hike in the fourth quarter to 72.9 million.
READ MORE: Just Eat shares dip despite reaching billion-order milestone
“Following the merger of Just Eat and Takeaway.com nearly two years ago, we made significant investments to grow our leadership positions and the Company is now six times bigger in terms of orders,” Just Eat Takeaway.com chief executive Jitse Groen said.
“On the back of this success, we have markedly improved our profitability throughout the second half of 2021, and we will continue to improve adjusted EBITDA this year. Meanwhile, we expect our market positions to further strengthen driven by our superior network effects.”
Last year, the company announced several on-demand grocery delivery partnerships, including Big 4 grocer Asda and symbol group retailer One Stop, in a bid to build on its extensive delivery network.
The company will continue to invest heavily, especially in its London network, while it expects to further improve profitability in 2022, it revealed.
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