Anglo-Dutch food delivery company JustEatTakeaway.com announced on Wednesday that it expects to realize another sales surge in 2021 following its skyrocketing full-year earnings for 2020. This initial surge in online orders was spurred by the lockdowns that came as a consequence of the coronavirus pandemic outbreak in March 2020.
JustEatTakeaway.com experienced a significant sales increase of 54% to 2.40 billion euros in the 2020 financial year. As a result, the online food delivery company exceeded its initial full-year earnings expectation of 2.39 billion euros, according to Refinitiv data.
A year prior to the coronavirus outbreak, Just Eat Takeaway.com had an adjusted earnings sum before interest, taxes, depreciation, and amortization of 256 million euros; a stark rise from its 217 million euros in earnings the previous year.
It’s not hard to see how dramatically the pandemic has actually helped companies such as this, with almost everyone opting to deliver food to their homes due to being quarantined around the clock.
Founded in 2000 as Takeaway.com, this Netherlands-based company successfully completed a merger with British food delivery service Just Eat in February 2020. The company is now listed on both the Euronext Amsterdam and the London Stock Exchange and has been a constituent of the FTSE 100 Index since the finalization of the merger.
