Andrew Porteous's questions to Just Eat Takeaway.com (TKAYF) leadership • Q4 2021
Question
Andrew Porteous of HSBC Bank Plc asked for an update on the progress in the Australia and New Zealand market, seeking details on investments and confidence in its path to profitability, given it is a significant area of loss.
Answer
CEO Jitse Groen explained that the Southern Europe & ANZ segment requires upfront investment in markets like Spain and Italy due to lower penetration, similar to the past strategy in Germany. He expressed confidence that these investments will yield results, unlike in Norway and Portugal, where operations are being discontinued. The trajectory to profit in key markets like Spain and Italy is clear to management.