Delivery specialist Deliveroo has reported “robust” fourth-quarter trading when its food proposition performed well.
Deliveroo said that gross transaction value was up 7% year-on-year in constant currency in the period when orders increased 3%.
Deliveroo cited “continued progress on our consumer value proposition, with encouraging signs from our enhanced Plus loyalty programme and strong growth in grocery”.
For the full year, Deliveroo expected “in-line” gross transaction value growth of 6% and adjusted EBITDA towards the top end of the £110m to 130m guidance range.
Deliveroo founder and 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 the UK and Ireland]. 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.”
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