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By Jack Denton Order Reprints Text size
Just Eat Takeaways results show just how much the Covid-19 pandemic has boosted the food delivery sector. Agence France-Presse/Getty Images
Strict lockdown measures to contain the spread of Covid-19 in Europe helped JustEat Takeaway.com’s growth accelerate dramatically in the final quarter of 2020 especially in the key U.K. market, where it has doubled down on increasing its footprint.
But shares in the company fell 4.5% in London trading, as investors eyed full-year guidance indicating smaller-than-expected margins.
The back story. The onset of the Covid-19 pandemic has proved to be rocket fuel for the food-delivery sector. With millions of people housebound, Just Eat Takeaway formed out of the merger between the Danish JustEat and Dutch