Just Eat Takeaway Raises Guidance As Profitability Improves
- Full-year adjusted Ebitda target raised to €310 million
- Shares rise as much as 9.3%, the biggest gain since July
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Just Eat Takeaway.com NV raised its full-year profit guidance as the company’s focus on cost cutting boosted profitability.
The food-delivery company now sees adjusted earnings before interest, taxes, depreciation and amortization of around €310 million ($328 million) in 2023, it said in a statement on Wednesday. It had previously forecast adjusted Ebitda of about €275 million for the year.