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Deliveroo doubles orders value even as lockdowns ease

Deliveroo doubles orders value even as lockdowns ease
rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.

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Deliveroo says orders more than doubled in Q1


By Reuters Staff
2 Min Read
LONDON (Reuters) -Food delivery company Deliveroo said its orders more than doubled in the quarter to end-March in its first trading update since its highly-anticipated listing in London last month flopped.
FILE PHOTO: A Deliveroo delivery rider cycles in London, Britain, March 31, 2021. REUTERS/Toby Melville
Growth accelerated for the fourth consecutive quarter, the company said, with group orders up 114% year-on-year to 71 million and gross transaction value (GTV) up 130% year-on-year to 1.65 billion pounds ($2.27 billion).
Chief Executive Will Shu said demand was strong in both UK and Ireland and its international markets, driven by record new customer growth and sustained demand from existing customers. ....

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Deliveroo hails doubling in orders as seeks IPO redemption


3 Min Read
LONDON (Reuters) -Deliveroo said a more-than doubling in first quarter orders during coronavirus lockdowns was an initial step in proving itself following the debacle of the food delivery company’s London flotation last month.
“We have a lot of work ahead of us to both grow the business over the long term, and prove ourselves to the markets,” Chief Executive Will Shu said. “It is day one of doing that.”
Growth accelerated for a fourth consecutive quarter, with group orders up 114% year-on-year to 71 million and gross transaction value (GTV) up 130% year-on-year to 1.65 billion pounds ($2.27 billion), the company said. ....

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Deliveroo's orders more than doubled in first quarter - Netscape Money & Business


Deliveroo s orders more than doubled in first quarter
04/15/2021 6:47
LONDON (Reuters) -Food delivery company Deliveroo said its orders more than doubled in the quarter to end-March in its first trading update since its highly-anticipated listing in London last month flopped.
Growth accelerated for the fourth consecutive quarter, the company said, with group orders up 114% year-on-year to 71 million and gross transaction value (GTV) up 130% year-on-year to 1.65 billion pounds ($2.27 billion).
Chief Executive Will Shu said demand was strong in both UK and Ireland and its international markets, driven by record new customer growth and sustained demand from existing customers.
This is our fourth consecutive quarter of accelerating growth, but we are mindful of the uncertain impact of the lifting of COVID-19 restrictions, he said on Thursday. ....

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