January 2023 - The Netherlands - Just Eat Takeaway shares jump after it returns to profit

Just Eat Takeaway.com reported earnings before interest of around 16 million euros for the whole of 2022, defying expectations for a large loss.

The Dutch company also forecast a higher-than-expected EBITDA of 225 million euros this year. The improved outlook helped lift shares as much as 15%.

Less than a year after acquiring U.S. rival Grubhub, Groen made a U-turn by putting it up for sale and writing down the value of the division by 3 billion euros.

Read on: in English

Loading...