Deliveroo delivers 'robust' Q4 performance, FY trading in line with guidance

(Sharecast News) - Online food delivery service Deliveroo said on Thursday that it had delivered a "robust" Q4 trading performance, with both gross transaction values and profitability growing in line with FY guidance. Deliveroo said gross transaction value rose 6% in FY24, in line with forecasts of 5-9%, while adjusted underlying earnings were pegged to be at the top end of its £110.0m-130.0m full-year guidance range.

Q4 GTV grew 7% year-on-year at constant currency rates, orders increased 3% on an annualised basis, and GTV per order was up 4% in constant currency.

Chief executive Will Shu said: "I'm proud of our progress in 2024 as we continued to strengthen our consumer value proposition. We enhanced our loyalty programmes, delivered strong growth in grocery and secured new partnerships to expand our retail selection, enabling us to bring even more of the neighbourhood to consumers' doors.

"Our continued execution has driven improved frequency and retention in Q4, with order growth improving throughout the year in UKI. Our execution has also continued to deliver profitable growth, with EBITDA expected to be towards the top end of our guided range. We see many exciting opportunities ahead with significant growth potential for Deliveroo."

As of 0910 GMT, Deliveroo shares were up 5.26% at 136.20p.







Reporting by Iain Gilbert at Sharecast.com