just eat annual report 2018

For example, Brexit may have adverse implications on immigration, access to talent and food price inflation, impacting the Group and Restaurant Partners. Adjusted EBITDA[2]for Takeaway.com was 12.3 million in 2019 compared with minus 11.3 million in 2018. The main drivers of the year-over-year increase were the issue of convertible bonds with a face value of 250.0 million, the drawdown on our revolving credit facility('RCF')of 15.0 million, proceeds from the accelerated bookbuild offering of 418.0 million, and repayment of 150.0 million of the bridge facility which was raised in connection with the 10bis acquisition. BMAN20081 Exam Paper 2018-19.pdf - Course Hero Strong financial performance Revenue up 43% ahead of prior year; uEBITDA 1 up 6% after investing 51 million in strategic initiatives 26 million active cu Key management personnel. Our ongoing work with the British Takeaway Campaign, which had an active year engaging with MPs and responding to government consultations on matters such as immigration and skills shortages, has allowed us to keep abreast with those risks and issues that are of most concern to the takeaway industry. Just Eat (LSE: JE), a leading global hybrid marketplace for online food delivery,advises that the following documents have been mailed to the Company's shareholders today and will shortly be available on the Company's website:www.justeatplc.com/investors. Orders processed in Germany grew by 113% to 69.5 million in 2019 compared with 2018. Download for your device Advertisement Just Eat Takeaway.com Annual Reports During the year, the Board defined our risk appetite and monitored the management of significant risks to ensure that the nature and extent of those significant risks did not compromise our overall goals and strategic objectives. ("Just Eat" or the "Company") 2018 Annual Report and Notice of 2019 Annual General Meeting . Jitse Groen will host a media and wires call to discuss the full year 2019 results at 8:00 am CET on Thursday 13 February 2020. Just Eat : 2018 Annual Report & Notice of 2019 AGM JUST EAT plc published this content on 25 March 2019 and is solely responsible for the information contained herein. The following information is extracted from page 133 of the Annual Report and Accounts 2018. In January 2020, the Company used its option, at the discretion of the lenders, to increase its RCF by another 60 million up to 120 million. The full year 2021 and 2020 information in the condensed financial statements is based on Just Eat Takeaway.com's 2021 Financial Statements, as included in the 2021 Annual Report (the Financial Statements), which will be published on 2 March 2022. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates. Given the material impact of the Combination with Just Eat on our plans for 2020, we will not provide an outlook. See SkipTheDishes integration and reorganisation on page 26. In the Dutch market, absolute marketing investments grew slower than order growth and marketing as a percentage of revenue improved by one percentage point versus 2018. Just Eat PLC has reached its limit for free report views. Organisational and operational reviews -We undertake periodic assessments to ensure we align to leading digital development and operational practices. Our strategy is based on providing an unbeatable takeaway experience for both our Customers and Restaurant Partners. http://www.rns-pdf.londonstockexchange.com/rns/8345C_1-2020-2-12.pdf, Takeaway.com gross revenue up by 78%; Germany up 145%, Statement of Jitse Groen, CEO of Just Eat Takeaway.com N.V.:'For the first time since our IPO, the Company ended the year with a positive Adjusted EBITDA.Achieving this by the end of the third quarter was one of the medium-term targets in our IPO prospectus. And press Submit. All rights reserved. Takeaway.com Asia B.V. was accounted for as a joint venture using the equity method of accounting given that joint control existed in terms of decision-making. Takeaway.com generated total gross revenue of 426.8 million, a 78% increase from 240.0 million in 2018, thereby exceeding GMV growth of 70%, mainly driven by higher average commission rates in each of our segments. Our ability to successfully and efficiently integrate new businesses with our existing operations. Just Eat PLC does not currently have any hardcopy reports on AnnualReports.co.uk. Copies of the Annual Report and Accounts 2018 and the Circular containing the Notice of 2019 Annual General Meeting are being submitted to the National Storage Mechanism and will shortly be available for inspection athttp://www.morningstar.co.uk/uk/NSM. Monitoring -Our specialist technology teams provide 24/7 monitoring of our platforms and respond to outages. New risks were identified and existing risks assessed over the course of the year as our overall risk profile continued to evolve. The Board also noted greater prominence of formal risk articulation whilst interacting with the business. The scope for internet-based businesses in the country has been growing fast. 2021-04-28. Cash and cash equivalents decreased to 49.8 million as at 31 December 2019 from 89.6 million as at 31 December 2018, representing a decrease of 39.8 million. 01 02 Chairman & CEO 03 Financial Highlights 04 At a Glance 05 Strategy 06 Overview This Annual Report quick-read provides top-level information on our business and the progress we have made in 2018 in pushing the boundaries of science to deliver life-changing medicines and demonstrating what science can do. UK Markets WhatS Going on and Why Is the USA Doing Better Than Us? Last10K.com Member Feature. Request Information Older/Archived Annual Reports Annual Report & Accounts 2017 Just Eat plc Annual Report & Accounts 2017. The director strengthened the team, bringing on board two experienced auditors and an enterprise risk analyst. The successful integration resulted in significant scale benefits and, as a result, the German adjusted EBITDA turned positive from the third quarter of 2019, with adjusted EBITDA in the second half of 2019 amounting to 11.9 million. Unfortunately some files are larger than this. Financial planning -We conduct rigorous financial planning to manage and monitor cost versus revenue performance. Jitse Groen, Brent Wissink and Jrg Gerbig will host an analyst and investor conference call to discuss the full year 2019 results at 10:30 am CET on Thursday 13 February 2020. In 2019, we classified share-based payments and temporary staff expenses within staff costs. Hundreds of same-sex couples and transgender people in Mexico City celebrated weddings and the completion of administrative processes to change their gender on Friday, in a mass ceremony a day . As a result of further adoption of online payments by consumers, and our substantial growth in Germany, revenue from online payments increased to 29.5 million in 2019 from 16.0 million in 2018. Takeaway.com's full year 2019 results are prepared in accordance with International Financial Reporting Standards as adopted by the European Union ('IFRS-EU') and with Part 9 of Book 2 on the Dutch Civil Code. Analyst and investor conference call and audio webcast. We categorise risks to better understand the spectrum and scale of risks that fall into certain groupings. Just Eat PLC has reached its limit for free report views. With over 692,000 connected partners, Just Eat Takeaway.com N.V. offers consumers a wide variety of food choice. MOST RECENT 2018 Annual Report Report Locked. Joris Wilton Through our ongoing review of strategy and performance in 2018, the Executive Team and the Board ensured that risk management was fully embedded to balance opportunities with a clear understanding of the risks faced and any mitigation required to align to our risk appetite. Principal risks and uncertainties. Just Eat plc Annual Report and Accounts 2018 Over the longer term, an ineffectual response to either the development of new business models by competitors, the strengthening of existing players or the disintermediation of material Restaurant Partnerships. GMV grew by 118% in 2019, slightly faster than orders driven primarily by higher average order values. Any of our key suppliers suffer significant and prolonged loss of their services, disrupting our business operations. Service platform consolidation -We are undertaking discrete initiatives to homogenise our core platform across the markets we operate in. Delivery expenses amounted to 73.9 million, representing 67% of our cost of sales. Furthermore for now Liquid Mode can convert only up to 200 pages and a file size of less than 10 MB. Due to the online nature of our businesses, large-scale outages would have an immediate impact on orders and revenue as customers would be unable to transact with us. Marketing expenses, including voucher expenses, as an absolute amount increased modestly by 13% to 15.6 million in 2019 compared with 13.8 million in 2018, resulting in a further improvement of marketing expenses as a percentage of gross revenue to 13% in 2019 compared with 14% in 2018. In Germany, we were able to achieve strong order growth while only marginally increasing our absolute marketing spend in 2019 compared with 2018. As you will remember, in 2018 we took several decisions that we believed were going to prove instrumental in the future development of our Company. The key operational risks we face are as follows: Increased competition from current competitors or new entrants, impacting our ability to maintain and improve our competitive position, Maintaining our reputation and consumer awareness of our single brand in each market, High dependency on senior management and other key employees, High IT system and employee dependency, Maintaining compliance with laws and regulations, Failing to adhere to internal standards on integrity, Failing to provide reliable financial reporting, Geopolitical challenges in respect of new markets; and. Our ability to successfully and efficiently integrate new businesses with our existing operations. 2. With the scheduled withdrawal of the United Kingdom under Article 50 on 29 March 2019, we have continued to monitor developments and potential impacts that Brexit may have on our performance and results. Product roadmap -We develop our service experience against a clear roadmap of prioritised features and improvements. About Just Eat Just Eat is part of Just Eat Takeaway.com, a leading global online food delivery marketplace, with over 3,500 restaurants and convenience partners available online in Ireland. Click on, or paste the following link into your web browser, to view the associated PDF document. For more information, please visit our corporate website: .com (LSE: JET, AMS: TKWY) is the leading global online food delivery marketplace outside China. Widespread and/or prolonged outage of critical platforms and infrastructure that support our services to customers and Restaurant Partners. Germany, our improved marketing efficiency through the integration of the German Businesses demonstrated the scalable nature of our business and was the primary driver of the 45-percentage point improvement in our adjusted EBITDA margin in 2019 compared with 2018. Key risk indicators-Metrics and criteria used by management to understand both risk exposure and effectiveness of mitigation. Mexico City holds mass celebration for same-sex weddings, gender ID Just Eat : 2018 Annual Report & Notice of 2019 AGM 03/25/2019 | 12:45pm EDT 25 March 2019 Just Eat plc ('Just Eat' or the 'Company') 2018 Annual Report and Notice of 2019 Annual General Meeting This increase in capability resulted in a refresh of several aspects of our risk management approach and a broadening of risk assessment activities across the Group, functional and country levels. Under the terms of the Increased Takeaway.com Offer, the total consideration consists of the grant of 0.12111 newly issued shares in the Company to Just Eat shareholders in exchange for each Just Eat share. That is why we innovate and operate with a resilient mindset and have increased our reliability capability and performance through 2018, lowering this risk from prior levels. Download annual Report & Accounts Download interim Report & Accounts Financial results for the last 5 years Values are quoted in the stock's local currency: Euro. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will' or 'should' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. A low percentage of UK based employees are EU nationals. We sustain a major security breach or lose control of sensitive systems and data. Just Eat Takeaway.com N.V. The three-year strategic plan does not include cash flows in respect of any future mergers and acquisitions that might be approved by the Board in the future. In 2019, we continued to invest in our organisation and staff to manage our growth strategy and to support the growth of our Scoober operations. Marketing expenses, including voucher expenses, increased by 20% to 153.8 million in 2019 compared with 127.8 million in 2018, substantially lower than our order and revenue growth, reflecting the effectiveness of our marketing investments, the strength of our brand and the recurring nature of consumer behaviour. On 19 December 2019 the Company announced the terms of an increased and final all-share offer (the 'Increased Takeaway.com Offer') to acquire the entire issued and to be issued ordinary share capital of Just Eat plc. Just Eat Plc (JE.) - investegate.co.uk Hopefully future versions of Adobe Acrobat Reader will be able to handle larger files. Brand awareness marketing expenses are those which relate to investments in our brand strength through (primarily) offline channels such as television, outdoor advertising, and merchandising for restaurants. Members of the investor community can follow the audio webcast on, https://corporate.takeaway.com/investors/results-and-reports/, https://corporate.takeaway.com/investors/financial-calendar/, Takeaway.com Analyst Presentation FY 2019, Takeaway.com Company Update Presentation February 2020, including photos of the Management Board and industry-related photos for download at, https://corporate.takeaway.com/media/media-kit/, Profit or loss for the period before depreciation (effective 2019: IFRS 16 adjustment included), amortisation, finance income and expenses, share-based payments, share of loss of joint ventures, non-recurring items and income tax expense, Adjusted EBITDA as a percentage of gross revenue, JUST EAT TAKEAWAY.COM : Goldman Sachs remains Neutral. Download this and previous annual reports by simply selecting the year. Key to principal risks table on pages 23 to 28. . Headquartered in London, we use proprietary technology to offer a quick and efficient digital ordering service for over 26 million customers and more than 100,000 Restaurant Partners across the UK, Australia & New Zealand, Canada, Denmark, France, Ireland, Italy, Mexico, Norway, Spain, Switzerland and Brazil. At year-end, Takeaway.com had no share in any joint ventures. This increase was mainly driven by the increase in goodwill and other intangible assets due to acquisition in Germany and, to a lesser extent, an increase in property and equipment due to initial application of IFRS 16, as well as a decrease in deferred tax assets due to utilisation of tax losses. Just Eat plc + 44 (0) 207 603 1515. Dependent on the risk, impacts could range from data, intellectual property or financial losses, service quality impacts, regulatory non-compliance and any associated brand and reputation damage. Circular containing the Notice of 2019 Annual General Meeting. Identity management -We continue to integrate and enhance identity management to ensure there is one source of truth across Just Eat. Customer and Partner product development teams -, Key management personnel comprises members of the Board and the Executive Team. Full Year 2021 Results | Just Eat Takeaway.com Newsroom The result is a new risk which speaks to the challenges in balancing our need for greater structure, process and governance as we grow, with the existing culture and entrepreneurial energy that has been responsible for our successes. Strategic partner growth -We have teams and specialists focused on extending our range to include the branded meals our customers really enjoy. These assumptions formed the a 'reasonable worst case' scenario. This process generates risk registers across Just Eat, with risks being assigned to owners and mitigating actions being agreed and tracked. About this report This annual report is available as a PDF, on our website www.takeaway.com and as a limited . Page numbers and cross-references in the extracted information refer to page numbers and cross-references in the Annual Report and Accounts 2018. The growing delivery expenses as a result of Scoober share increase to 5.4% in 2019 versus 3.0% in 2018 was a main contributor to the reduction in gross margin on a year-over-year basis. Two risks were merged and one risk has been added. Key management personnel comprises members of the Board and the Executive Team. A whopping 8.75 million UAE citizens are active mobile internet users. The main drivers of the year-over-year increase were the issue of convertible bonds with a face value of 250.0 million, the drawdown on our revolving credit facility. Just Eat offers a choice of over 40 cuisines across breakfast, lunch and dinner on the platform making Ireland's #1 food delivery brand. The amounts disclosed in the table above are the amounts recognised as an expense during the reporting period related to key management personnel, which are disclosed in more detail in Note 7. All rights reserved. Gross revenue in the Netherlands grew by 23% to 120.7 million in 2019 from 98.3 million in 2018. According to the Increased Takeaway.com Offer, Just Eat shareholders will own approximately 57.5% of the share capital of the Company and Takeaway.com shareholders will own approximately 42.5% of the share capital of the Companyassuming valid acceptances being received by the Company in respect of 100% of Just Eat shares. This increase was mainly driven by additional cost due to acquisitions, additional recruitment and other staff-related expenses to support our organisational expansion, the growth of our restaurant delivery services, legal and compliance, and professional services fees. Aligned to our focus on building trust and loyalty across our customers and Restaurant Partners, it is important that we understand our supplier base and have the necessary contingency and mitigation strategies in place to minimise our risks. We are excited about the opportunities that lie ahead for the combined group. In accordance with provision C.2.2 of the Corporate Governance Code, the Board has assessed the prospects of the Company over a longer period than the 12 months required when preparing financial statements on a Going Concern basis. Annual Report & Accounts 2015 JUST EAT plc Annual Report & Accounts 2015 156122_JUST EAT-COVERS.indd 1-3 07/03/2016 12:28. Visit justeattakeaway.com for more information. This material increase related primarily to the amortisation of intangible assets recognised as the result of acquisitions in Germany and Israel, the impact of the application of IFRS 16, which causes the capitalisation of leased assets such as offices and cars and the depreciation on physical assets such as offices and IT-related assets. The Board considers the Annual Report and Accounts, taken as a whole, is fair, balanced and understandable, and provides the information necessary for shareholders to assess the Company's position, performance, business model and strategy. Increased competition from current competitors or new entrants, impacting our ability to maintain and improve our competitive position, Maintaining our reputation and consumer awareness of our single brand in each market, High dependency on senior management and other key employees, Maintaining compliance with laws and regulations, Failing to adhere to internal standards on integrity, Failing to provide reliable financial reporting, Geopolitical challenges in respect of new markets; and. In accordance with article 2:395 of the Netherlands Civil Code, we state that our auditor, Deloitte Accountants B.V., has issued an unqualified opinion on the Financial Statements, dated 12 February 2020. Just Eat (LSE: JE), a leading global hybrid marketplace for online food delivery. JUST EAT plc Just Eat 2017 Annual Report and Notice of AGM The principal risks overleaf include those that would threaten our business model, future performance, solvency or liquidity. This investment is presented in the statement of financial position in the line 'Equity investment'. ANALYST RECOMMENDATIONS : Amazon, EasyJet, NatWest, Tesla, Walgreens Boots Stifel cuts Croda International to 'hold', US Futures Flat, European Stocks Rise as Economic Outlook Concerns Ease, Turkish food delivery startup Getir to leave Spain - union, JUST EAT TAKEAWAY.COM : Gets a Neutral rating from Bernstein, JUST EAT TAKEAWAY.COM : Gets a Buy rating from Jefferies, UBS cuts BT'; HSBC starts Smiths with 'hold', JUST EAT TAKEAWAY.COM : Gets a Neutral rating from RBC, JUST EAT TAKEAWAY.COM N.V. : Morgan Stanley Berlin Internet Field Trip Conference, JUST EAT TAKEAWAY.COM : Bernstein reaffirms its Neutral rating, Goldman Sachs Begins Just Eat Takeaway.com Coverage at Neutral, JUST EAT TAKEAWAY.COM : Goldman Sachs from Sell to Neutral, JUST EAT TAKEAWAY.COM N.V. : Bank of America C-Suite TMT Conference, Uber Closes Delivery Business in Italy, Mobility Business in Israel, Uber to cease food delivery in Italy, exit Israel, JUST EAT TAKEAWAY.COM N.V. : Barclays European Internet and Emerging Tech Conference, JUST EAT TAKEAWAY.COM : Jefferies keeps its Buy rating, JUST EAT TAKEAWAY.COM N.V. : Annual General Meeting, WEEKLY FORECAST: Dates until May 26, 2023, Amsterdam bans warehouses for delivery services in residential areas, JUST EAT TAKEAWAY.COM N.V. : UBS Pan-European Small & Mid Cap Conference London. Use Adobe Acrobat Reader and Liquid Mode for best reading experience. Corporate communications -A dedicated team communicate externally and channel feedback and public opinion back into our organisation to drive improvement. These investments do not include approximately 9,000 couriers (2,990 FTEs), which are classified as cost of sales. 24/10/2022 16:02:08 Cookie Policy +44 (0) 203 8794 460 Free Membership Login Monitor
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