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Just Eat Takeaway Maintains 2022 Forecasts as Orders Climb

AMSTERDAM—Just Eat Takeaway.com, Europe’s largest meal delivery company, reported a 14 percent increase in orders in the fourth quarter on Wednesday in line with expectations and maintained its financial forecasts for 2022. In a trading update, the company said it had delivered 273.7 million orders in the fourth quarter of last year, up from 240.4 million in the same period of 2020. Chief Executive Jitse Groen repeated that Takeaway expected orders to increase and losses to fall in 2022 but stopped short of forecasting it would break even on an operating basis this year, unlike German rival Delivery Hero which said on Tuesday it would do so in the second half. “We’re not targeting profitability, we’ve given out a slight loss range for this year,” Groen said. Takeaway has come under pressure from investors to sell operations, including U.S. subsidiary Grubhub, to reduce its operating losses as the boost it …

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