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.