Deliveroo PLC has released an update on guidance for the full year, alongside an update on trading for the second quarter of 2021 versus the comparable period in 2020.
- GTV has grown 76% year on year at the group level in the second quarter of 2021 to £1,739m (81% growth in constant currency). In the same period GTV in the UK and Ireland has grown 87% year on year to £921m (88% growth in constant currency) and GTV in the Group’s international segment has grown 65% year-on-year to £818m (75% growth in constant currency).
- Orders grew 88% year on year at the group level to 78m in the second quarter of 2021. In the same period orders in the UK and Ireland grew 94% year on year to 38m and orders in the Group’s international segment grew 83% year-on-year to 40m.
Deliveroo has seen continued strong growth and consumer engagement in H1, and as a result of that plus increased expectations for H2 is increasing the guidance for full year annual GTV growth from between 30% to 40% to between 50% to 60%.
Implied growth rates of guidance
|Actual||Implied from guidance|
|TOTAL GROUP||H1 2021||H2 2021 (low)||H2 2021 (mid)||H2 2021 (high)|
|YoY growth %||99%||15%||24%||32%|
|Growth vs. 2019 %||186%||110%||126%||142%|
The company will be reporting its H1 2021 results on August 11.