Deliveroo books £1.6b March quarter orders

Business | 15 Apr 2021 2:37 pm

Food delivery company Deliveroo said its orders more than doubled in the quarter to end-March in its first trading update since its highly-anticipated listing in London last month flopped, Reuters reports.

Growth accelerated for the fourth consecutive quarter, the company said, with group orders up by 114 percent year-on-year to 71 million and gross transaction value (GTV) up by 130 percent year-on-year to £1.65 billion (US$2.27 billion).

Chief Executive Will Shu said demand was strong in both UK and Ireland and its international markets, driven by record new customer growth and sustained demand from existing customers.

“This is our fourth consecutive quarter of accelerating growth, but we are mindful of the uncertain impact of the lifting of coronavirus restrictions,” he said on Thursday.-Photo: Sky News

 



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