Europe based online food ordering and home delivering company Just Eat Takeaway.com (AMS: TKWY) says it’s expecting the growth rate it experienced last year due to increased orders to extend to 2021.
Online orders for the company rapidly increased last year due to movement restriction imposed to stop fast spread of the virus. The company says this increase helped it attain its expectations for full year earnings.
Citing data from Refinitiv, net sales of the company in 2020 increased by 54% to 2.40 billion euros ($2.85 billion) this figure did not miss by far with the 2.39 billion euros estimated by analysts for the company.
The company is optimistic this growth trend will be replicated in 2021.
The company recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 256 million euros in 2020. This was more than the 217 million euros the company posted the year before. Analysts were expecting an adjusted EBITDA of 230 million euros last year.