Prosus Acquisition Agreement
Just Eat Takeaway.com announced a recommended public offer by Prosus at €20.30 per share, representing a 63% premium to the closing share price on 21 February 2025. The offer values the company at approximately €4.1 billion.
Financial Performance and Guidance Met
Just Eat Takeaway.com met its 2024 guidance with a constant currency GTV growth excluding North America of 2%, adjusted EBITDA of €460 million, and free cash flow of €104 million.
Strategic Investments and Growth Focus
The company plans to invest an additional €150 million in Europe and the UK and Ireland in 2025 to accelerate growth, funded through cost efficiencies, retail media, and pricing.
Operational Efficiency and Transformation
The rollout of a single global app was completed, improving user experience and innovation. The company also implemented structural cost reductions and improved delivery efficiency.