Deliveroo gross transaction value rises 8%

SaveSavedRemoved 0
Deal Score0
Deal Score0
Spread the love

Deliveroo PLC said in a trading update Friday that gross transaction value rose 8% on year on a reported basis and lowered the top end of the range of its full-year guidance.

The U.K. food-delivery company

said GTV increased to 1.70 billion pounds ($1.91 billion). Orders declined 1% on year, but this was more than offset by on year growth in GTV per order of 9%, driven by item level price inflation and continued optimization of consumer fees.

The company said that it now expects GTV growth in the range of 4%-8% on constant currency, the lower half of the previously-announced range of 4%-12%. The adjusted earnings before interest, taxes, depreciation and amortization margin is now seen in the range of minus 1.2%-minus 1.5%, from minus 1.5%-minus 1.8% previously.

“Since June, the year-on-year GTV growth trend has been broadly stable, despite the ongoing economic uncertainty,” Chief Executive Will Shu said.

Write to Kyle Morris at

Source link

We will be happy to hear your thoughts

      Leave a Reply

      Trade Today
      Register New Account
      Reset Password
      Compare items
      • Total (0)