JUST EAT TAKEAWAY - SELL | EUR75(+1%) US delivery fee cap will remain an issue in H2 2021 and beyond
JUST EAT TAKEAWAY - SELL | EUR75(+1%)US delivery fee cap will remain an issue in H2 2021 and beyond
New York City extended the delivery fee cap until 2022
Fee caps becoming a structural issue in North America
45% of Grubhub business at risk in H2 2021
Potential additional EUR60-70m impact on EBITDA in H2
Why are we sticking to our Sell rating?
Takeaway.com NV. Takeaway.com NV, formerly Takeaway Com Holding BV, is a company based in the Netherlands that operates an online food delivery marketplace. The Company focuses on connecting consumers and restaurants, and allows users to order food from nearby restaurants and have the food delivered to their homes. The Company transmits the order placed by customers and forwards it to restaurants, which prepare and deliver the meal. It is present in Portugal, France, Switzerland, Austria, Luxembourg, Belgium, the Netherlands, Germany, Poland, Bulgaria, Romania and Vietnam, and operates the Websites Lieferando.de, Lieferservice.at, Lieferservice.ch, Pizza.be, Pizza.fr, Pizza.lu, Pizza.pl, Pyszne.pl, BGmenu.com, Oliviera.ro, Takeaway.com, Thuisbezorgd.nl and Vietnammm.com. The platforms feature various kinds of restaurants.
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