Value of Orders at Deliveroo is Growing Strongly

Deliveroo continues to benefit from people having food delivered to their homes more often than before the corona pandemic.

 

The number of orders from the British meal delivery company, which is also active in the EU, increased by almost two thirds and the value of the orders also grew strongly. As a result, the company has revised its growth forecasts for the full year upwards.

“While we are aware of the current and potential macroeconomic disruptions and uncertainties, we expect continued strong results for the remainder of the year,” said Deliveroo chief executive and co-founder Will Shu.

The company now expects total order value to grow between 60 and 70 percent this year. Previously, the company had expected an increase of between 50 and 60 percent.

The value of orders at Deliveroo rose 58 percent year-on-year in the third quarter to almost 1.6 billion pounds. Deliveroo does not mention a profit figure but is aiming for a profit margin of about 7.5 percent of the total value of orders for the whole of 2021.

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