IT Services
By Michele Maatouk
Date: Thursday 20 Apr 2023
LONDON (ShareCast) - (Sharecast News) - Deliveroo reported a decline in first-quarter orders on Thursday as the cost-of-living crisis hit demand.
The company said revenue ticked up 4% in Q1 to £512m, but gross transaction value dipped 1% and orders fell 9%.
Deliveroo hailed a good performance in the UK & Ireland but softness in the international segment. UK&I revenue rose 11% to £299m, but revenue in international declined 5% to £213m.
Founder and chief executive Will Shu said: "Revenue growth of 4% and broadly flat GTV (both in constant currency) represents a resilient performance, particularly in the context of inflationary pressures and the ongoing cost of living crisis and against a challenging comparison base.
"Against this backdrop, I'm particularly pleased with our performance in UKI, reflecting a further improvement in our offering to consumers. We remain confident in our ability to deliver on our plans to drive profitable growth and sustainable cash generation."
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Currency | UK Pounds |
Share Price | 132.30p |
Change Today | 2.30p |
% Change | 1.77 % |
52 Week High | 147.00 |
52 Week Low | 100.10 |
Volume | 1,814,529 |
Shares Issued | 1,626.66m |
Market Cap | £2,152.07m |
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 |
16:35 | 837,231 @ 132.30p |
16:35 | 1,872 @ 132.30p |
16:35 | 1,871 @ 132.30p |
16:35 | 1,871 @ 132.30p |
16:35 | 438 @ 132.30p |
Chair | Claudia Arney |
CEO | Will Shu |
CFO | Scilla Grimble |
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