IT Services
By Michele Maatouk
Date: Monday 18 Jul 2022
LONDON (ShareCast) - (Sharecast News) - Deliveroo downgraded its full-year revenue guidance on Monday as it highlighted "consumer headwinds" amid the cost-of-living crisis.
In an update for the second quarter, the group said gross transaction value (GTV) growth eased to 4% in the UK and Ireland from 12% in the first quarter, while international slowed to 1% from 11%. This meant that group GTV in Q2 came in at 2%, down from 12% in Q1.
Based on the GTV seen in the second quarter and a "more cautious" economic outlook, the company now forecasts full-year GTV growth of between 4% and 12% at constant currency, down from previous guidance of 15% to 25%.
However, Deliveroo maintained its adjusted EBITDA margin guidance and said its balance sheet remains strong.
"Management is confident in the company's ability to adapt financially to a rapidly changing macroeconomic environment, through gross margin improvements, more efficient marketing expenditure and tight cost control," it said.
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Currency | UK Pounds |
Share Price | 136.90p |
Change Today | -0.50p |
% Change | -0.36 % |
52 Week High | 150.00 |
52 Week Low | 100.10 |
Volume | 6,878,331 |
Shares Issued | 1,626.66m |
Market Cap | £2,226.90m |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:58 | 26,068 @ 136.90p |
16:47 | 26,068 @ 136.90p |
16:46 | 13,052 @ 136.90p |
16:44 | 3,573 @ 136.90p |
16:44 | 4,238 @ 136.90p |
Chair | Claudia Arney |
CEO | Will Shu |
CFO | Scilla Grimble |
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