Deliveroo today announces that it proposes to consult on ending its operations in Spain. Deliveroo currently operates across 12 markets worldwide, with the vast majority of the Company s gross transaction value (GTV) coming from markets where Deliveroo holds a #1 or #2 market position. Spain represents less than 2% of Deliveroo s GTV in H1 2021. The Company has determined that achieving and sustaining a top-tier market position in Spain would require a disproportionate level of investment with highly uncertain long-term potential returns that could impact the economic viability of the market for the Company. The proposal to end operations in Spain reflects the Company s intention to focus investment and resources on the Company s other markets, continuing to grow its network of consumers, restaurant and grocery partners, and riders, and expanding market share in both new and existing towns and cities.
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Deliveroo PLC (LSE:ROO) | RNS | Deliveroo PLC - Q2 Trading and Guidance Update
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Romilly Dennis, Head of Corporate Communications, UKI 07786 221309
Dorothy Burwell, Rollo Head, Finsbury 020 7251 3801 / [email protected]
About Deliveroo plc ( Deliveroo or the Company )
Deliveroo s is on a mission to build the definitive online food company. We want to be the platform that people turn to whenever they think about food. Further information regarding Deliveroo is available on the Company s website at https://corporate.deliveroo.co.uk/
Additional Notes
1. All figures in this trading update are unaudited and exclude Germany and Taiwan discontinued operations for the comparative period.
2. All growth rates reflect a comparison to the three-month period ended 31 March 2020 unless otherwise stated.