Report
Michael Roeg

Just Eat Takeaway - FY23 adj. net profitable! FY24 guidance beats

FY23 adj. net profit EUR +145m (DP EUR +47m, BBCSS EUR -316m), when adding back impairment and amortization of acquired IFAFY24 EBITDA guidance circa EUR 450m, exceeds our est of EUR 405m, BB CSS EUR 429m, VA CSS EUR 439m, older JET CSS is EUR454mWe expect to lift our earnings estimates by a mid/high single digit percentage. We reiterate our Buy rating with a TP of EUR 30
Underlying
Just Eat Takeaway.com N.V.

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.

Provider
Degroof Petercam
Degroof Petercam

​We are an investment house with Belgian roots founded on more than 150 years of trust.

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Analysts
Michael Roeg

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