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Just Eat expects profits to surge by 40% in 2024

The company is still trying to sell Grubhub
February 28, 2024
  • Northern Europe market a standout performer
  • Chunky, but lower, impairment charge

Just Eat Takeaway (JET) revealed a reduced annual loss as it put through a lower impairment charge of €1.54bn (£1.32bn) on past acquisitions, as better-than-expected adjusted cash profits (Ebitda) helped the food delivery app return to a positive free cash flow in the second half of its financial year. 

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