Deliveroo have today reported impressive year on year growth on three key metrics, orders up 114%, Gross transaction value up 130% to £1.65 billion, and their active customer base has grown by 91%.
Deliveroo Founder & CEO, Will Shu commenting on the numbers said: “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.”
The news will make positive reading for shareholders following reservations from many institutional investors that stood back from the recent floatation. But the share price today has not fared well so far, as we publish it is down on the day by 3% at £2.62.
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Hospitality & Catering News: Deliveroo post impressive 2021 Q1 Trading Update but shares down. – 15 April 2021 – Deliveroo post impressive 2021 Q1 Trading Update but shares down.