Just Eat Takeaway.Com N.V. (CDI) (JET)

Sector:

IT Services

1,160.00p
   
  • Change Today:
    -36.00p
  • 52 Week High: 1,467.00
  • 52 Week Low: 914.00
  • Currency: UK Pounds
  • Shares Issued: 200.59m
  • Volume: 43,203
  • Market Cap: £2,326.85m
  • RiskGrade: 188

Just Eat Takeaway lifts earnings guidance despite drop in orders

By Michele Maatouk

Date: Wednesday 19 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Just Eat Takeaway upped its guidance for full-year core profit on Wednesday and announced the launch of a share buyback, despite posting a decline in first-quarter orders.
The company said total orders in Q1 fell 14% to 228m, while total gross transaction value (GTV) was down 8% to €6.7bn.

Chief executive officer Jitse Groen said: "Just Eat Takeaway.com continues to recover from last year's deceleration, with the Northern Europe and the UK and Ireland segments leading the trend. While the year-on-year GTV decline in Q1 2023 is significant, the comparison is with the quarter with the second highest GTV of the pandemic."

Groen said the company's efforts to improve profitability were running ahead of plan, allowing the group to upgrade its 2023 adjusted EBITDA target to around €275m from €225m previously.

The firm expects gross transaction value in a range of -4% to +2% year-on-year in 2023, with a return to growth skewed towards the end of the year. In addition, it now expects to turn free cash flow positive by mid-2024.

Just Eat also said on Wednesday that it was initiating a share buyback programme of up to €150m as a result of "the strong balance sheet and the increased visibility on free cash flow generation",

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JET Market Data

Currency UK Pounds
Share Price 1,160.00p
Change Today -36.00p
% Change -3.01 %
52 Week High 1,467.00
52 Week Low 914.00
Volume 43,203
Shares Issued 200.59m
Market Cap £2,326.85m
RiskGrade 188

JET Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.23% above the market average63.23% above the market average63.23% above the market average63.23% above the market average63.23% above the market average
67.90% above the sector average67.90% above the sector average67.90% above the sector average67.90% above the sector average67.90% above the sector average
Price Trend
51.36% below the market average51.36% below the market average51.36% below the market average51.36% below the market average51.36% below the market average
45.05% below the sector average45.05% below the sector average45.05% below the sector average45.05% below the sector average45.05% below the sector average
Income Not Available
Growth
10.29% below the market average10.29% below the market average10.29% below the market average10.29% below the market average10.29% below the market average
15.29% below the sector average15.29% below the sector average15.29% below the sector average15.29% below the sector average15.29% below the sector average

What The Brokers Say

Strong Buy 7
Buy 3
Neutral 5
Sell 4
Strong Sell 0
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JET Dividends

No dividends found

Trades for 21-May-2024

Time Volume / Share Price
16:35 4 @ 1,160.00p
16:35 1,569 @ 1,160.00p
16:35 17 @ 1,160.00p
16:35 103 @ 1,160.00p
16:35 29 @ 1,160.00p

JET Key Personnel

CEO Jitse Groen
COO Jörg Gerbig
CFO Brent Wissink
Chair Dick Boer

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