By Olivier Cherfan (Reuters) -Just Eat Takeaway said on Wednesday its full-year earnings would likely be on the lower end of a previously forecast range, and reported a marginal fall in first-half
Just Eat Takeaway Faces Tough Year Ahead Amid Prosus Acquisition Talks
Just Eat Takeaway's Financial Outlook
By Olivier Cherfan
First-Half Performance
(Reuters) -Just Eat Takeaway said on Wednesday its full-year earnings would likely be on the lower end of a previously forecast range, and reported a marginal fall in first-half revenue.
Prosus Acquisition Details
Europe's biggest food delivery company by revenue posted first-half sales of 1.75 billion euros ($2.02 billion), down about 1% on a constant currency basis, due to lower order volumes that were partially offset by improved order monetisation and higher advertising revenue.
Regulatory Considerations
For 2025, the company forecast growth in gross transaction value at the lower end of the previously forecast +4% to +8% range.
It also noted adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) would likely be at the lower end of the previously forecast range of 360 to 380 million euro.
"We see good progress in the expansion of our delivery network and have ramped up our marketing efforts, which we believe are necessary investments to support future growth," CEO Jitse Groen said in a statement.
The company's total orders for the first semester fell 7% to 308 million euros, while total gross transaction value (GTV) remained flat at 9.4 billion euros.
Dutch technology investor Prosus, which agreed to buy Just Eat Takeaway in February for 4.1 billion euros, extended on Tuesday the acceptance period for its offer to October 1.
EU regulators are consulting third parties on Prosus' plan to cut its stake in Delivery Hero to below 10% to address concerns over its Just Eat Takeaway acquisition. The EU commission's decision is expected by August 11, 2025.
($1 = 0.8656 euros)
(Reporting by Olivier Cherfan; Editing by Janane Venkatraman)
