Just Eat Takeaway posts a small ebitda in 2022, sees an improvement in 2023

AMSTERDAM, March 1 (Reuters) – Just Eat Takeaway.com, Europe’s biggest food delivery company, posted a small 2022 EBITDA on Wednesday and said it was aiming to hit 225 million euros this year.

“These forecasts include additional investments (…) as well as labor cost inflation and take into account an uncertain macroeconomic environment,” the company said, noting that most of the improvement would occur towards the end. of the year.

Adjusted profit before interest, tax, depreciation and amortization (ebitda) in 2022 was €19 million ($20.13 million), compared to a loss of €350 million in 2021.

The numbers coincide with the business update the company released on January 18.

Revenues were €5.56 billion, compared to €4.55 billion a year earlier, and net losses were €5.67 billion, compared to losses of €1.04 billion .

The company recorded a book loss on the value of its stake in Brazilian iFood, which it sold for 1.5 billion euros, and recorded a non-cash impairment of 4.6 billion euros on the value of its American subsidiary Grubhub, which it bought for 7.3 billion euros. billion dollars in 2021.

Just Eat reiterated that it was trying to sell Grubhub, but had not yet agreed on a deal or timeline.

The company ended the year with just over 2,000 million euros in cash.

(1 dollar = 0.9439 euros)

(Reporting by Toby Sterling; Editing in Spanish by Flora Gómez)