Deliveroo remains "prudent" despite 114% order increase
A UK food delivery company has announced that it saw orders and transaction values more than double over the last quarter.
Deliveroo reported this morning (15 April) that its group orders increased 114 per cent year-on-year in the quarter to the end of March, reaching 71 million.
The company also said that gross transaction value (GTV) was up 130 per cent in the period, jumping to £1.65bn.
However, it added that it is “being prudent” due to the change in lockdown restrictions, and it expects its rate of growth to decelerate as lockdowns ease.
Will Shu, chief executive of Deliveroo, commented: “We are delighted with the Deliveroo Q1 results.
“Demand has been strong in both the UK&I and international markets driven by record new consumer growth and sustained engagement from our existing consumers.
“This is our fourth consecutive quarter of accelerating growth, but we are mindful of the uncertain impact of the lifting of Covid-19 restrictions.
“So while we are confident that our value proposition will continue to attract consumers, restaurants, grocers and riders throughout 2021, we are taking a prudent approach to our full year guidance.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.