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    Andrew Porteous

    Director and Senior Equity Analyst at HSBC Bank Plc

    Andrew Porteous is a Director and Senior Equity Analyst at HSBC Bank Plc specializing in coverage of the European food retail sector, including major companies such as Tesco and Pets at Home. He has delivered a performance track record of 51% success rate across 118 stock ratings, with an average return per rating of 3.8% according to TipRanks. Porteous has been with HSBC since at least 2018 and is recognized for his industry insights and analytical rigor in the UK, France, Germany, and US markets, with previous experience not publicly detailed. His professional credentials include broad expertise in European equities and active participation in financial analysis, though specific securities licenses or FINRA registrations are not detailed in public sources.

    Andrew Porteous's questions to Just Eat Takeaway.com (TKAYF) leadership

    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.

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