To concentrate on leadership positions and profit pools, Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY) intends to discontinue its platform and delivery operations in Romania, anticipated to be effective as of 1 June 2022. Financial details have not been disclosed. The impact on Orders, Gross Transaction Value and Revenue for the Company and the segment Southern Europe and ANZ will be immaterial.
Over the past period, the competitive pressure, our relative scale and the overall market penetration for food delivery in Romania have been insufficient to sustain a healthy business. With this in mind we have made the difficult decision to cease our operations in Romania. The closing of this market enables us to concentrate on sustainably profitable and market leading positions.
About Just Eat Takeaway.com
Just Eat Takeaway.com (LSE: JET, AMS: TKWY) is a leading global online food delivery marketplace.
Headquartered in Amsterdam, Just Eat Takeaway.com is focused on connecting consumers and restaurants through its platforms. With over 634,000 connected partners, Just Eat Takeaway.com offers consumers a wide variety of food choice. Just Eat Takeaway.com mainly collaborates with delivery restaurants. In addition, Just Eat Takeaway.com provides its proprietary restaurant delivery services for restaurants that do not deliver themselves.
The combination of Just Eat and Takeaway.com has rapidly grown to become a leading online food delivery marketplace with operations in the United States, United Kingdom, Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Poland, Slovakia, Spain and Switzerland, as well as through partnerships in Colombia and Brazil.
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