Since the IPO, Deliveroo has doubled the number of orders

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Roofoods Ltd update

The food delivery company stated in its first performance report since March that its pre-tax loss in the first half of the year was reduced by nearly one-fifth to 104.8 million pounds, and revenue increased by 82% to 922.5 million pounds. Something. Initial public offering.

The London-based company delivered 148.8 million meals and groceries in the first six months of 2021, twice the amount in the same period last year. Monthly active consumers increased by 81% year-on-year to 7.8 million.

Although food delivery services have been a major beneficiary of the pandemic lockdown, Deliveroo said that the removal of most Covid-19 restrictions in the UK “has no material impact.” Compared with the first half of last year, the total transaction volume in its largest market, which measures the total value of ordered goods including fees, has increased by 110%. Its expansion in the UK is “far ahead” of its goals, and its services can now cover 72% of the population.

Gross profit margin increased by 100 basis points to 7.8%.

Prior to the data release, Deliveroo’s stock price has risen about 12% to 363p this week after German competitor Delivery Hero disclosed its 5% stake on Monday. However, Deliveroo has not yet returned to the price of 390p. Initially listed, Fell by more than a quarter on the first day of trading.

“As the lockdown continues to ease, we see strong growth and participation in the entire market. Will Shu, CEO and co-founder of Deliveroo, said that consumer demand has always been high. “We have expanded our consumer base and watched Until people continue to order frequently, we are now cooperating with more food merchants than any other platform in the UK. “

Deliveroo raised its growth outlook last month, but Shu reiterated that the company expects “consumer behavior may slow down later this year.”

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