Takeaway logistics company takeout In the first six months of this year, the number of orders it received through its app doubled.
The company said it received 148.8 million orders in the first half of the year, up from 74.5 million in the same period last year.
It also reported that the total transaction value doubled to nearly 3.4 billion pounds.
The intermittent blockade in the UK for more than a year has promoted the development of this business. Customers cannot visit the restaurant, so they order food online instead.
However, Deliveroo said that so far, it has proven to be quite immune to the end of the lockdown, and the reopening of the United Kingdom in the second quarter of this year “has no substantial impact.”
In accounting, anything that has an impact on turnover of less than 1% can be considered as having no material impact.
CEO Will Shu said: “As the lockdown continues to ease, we are seeing strong growth and participation in the entire market.
“Consumer demand has always been high. We have expanded our consumer base and seeing people continue to order frequently, we are now working with more food merchants than any other platform in the UK.”
But Deliveroo said it will not last forever, and the lock-in rebound may ease in the second half of this year.
The company stated that it expects total transaction volume to grow by 50% to 60% this year, and adheres to the guidance it provided in July.
“As our guidance reflects, although we expect consumer behavior to slow down later this year, we are still excited about future opportunities and our ability to take advantage of it,” Shu said.
The business is still losing money, but during this period reduced its pre-tax loss from 128.4 million pounds to 104.8 million pounds, and revenue was 922.5 million pounds—an increase of 82%.
Less than five months after Deliveroo went public, its stock price went wrong and its stock price plummeted.
The London-based company had hoped to sell shares at 390 pence per share when it went public, but the market had other ideas.
In just a few weeks, the stock price fell to a low of 225 pence. Since then, it has regained most of its land, but still lags behind its initial optimism.
