Takeaway delivers more through Delivery-Hero-Deal
The food delivery service Takeaway.com <NL0012015705> brings significantly more food to customers through a takeover last year. For the first quarter, the company has 46.7 million orders, 50 percent more than a year ago. In Germany, deliveries have even increased by 126 percent, the Dutchman explained in Amsterdam on Thursday. The takeaway stock rose by a good 8 percent.
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In 2019, the group had acquired the German business of Delivery Hero <DE000A2E4K43> with brands such as Foodora, Lieferheld or Pizza.de for 930 million euros. Without the takeover, Takeaway would have grown by a comparatively modest 19 percent in Germany, according to the company's announcement.
Takeaway also suffered only briefly from the Corona crisis in March. From the middle of March onward, significantly fewer deliveries were made because restaurants closed and fewer orders were placed from offices both at lunchtime and in the evening, the company continued. However, business recovered towards the end of March.
Meanwhile, the British competition authority CMA had initiated its review of Takeaway.com's purchase of its competitor Just Eat on March 19. As the authority's deadline is 40 working days, a decision is expected by May 19, Takeaway explained. Just Eat deliveries are not included in the figures /fba/jha/mis
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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