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    Georgios Pilakoutas

    Research Analyst at Numis

    Georgios Pilakoutas's questions to Just Eat Takeaway.com (TKAYF) leadership

    Georgios Pilakoutas's questions to Just Eat Takeaway.com (TKAYF) leadership • FY 2022

    Question

    Georgios Pilakoutas of Numis questioned why partner growth in Northern Europe appeared flat compared to other regions, despite perceived under-penetration.

    Answer

    CEO Jitse Groen corrected the premise, stating Northern Europe is not under-penetrated and that the delivery mix is a function of the market's structure. He clarified that partner additions have occurred across the board and that adding a large chain with 1,000 stores has a different numerical impact than adding 1,000 independent restaurants.

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    Georgios Pilakoutas's questions to Just Eat Takeaway.com (TKAYF) leadership • Q2 2022

    Question

    Georgios Pilakoutas of Numis asked about the significant increase in share-based compensation in H1, its primary drivers like Grubhub and bonus structure changes, and whether the H1 figure is a good run-rate for the full year.

    Answer

    CEO Jitse Groen confirmed that the Grubhub acquisition was a major driver, accounting for over half of the share-based compensation charge. He indicated that the expense is expected to increase further in the second half of the year.

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    Georgios Pilakoutas's questions to Just Eat Takeaway.com (TKAYF) leadership • Q4 2021

    Question

    Georgios Pilakoutas from Numis Securities Ltd. sought to clarify the fee cap impact assumed in the 2022 guidance, comparing the full-year 2021 figure to the January and second-half 2021 run rates.

    Answer

    CEO Jitse Groen and CFO Brent Wissink confirmed that the 2022 guidance fully absorbs the impact of ongoing fee caps. They assume the continuation of caps in New York and San Francisco, and British Columbia in Canada. They affirmed this assumption is broadly consistent with the second-half 2021 run rate of approximately €140-€145 million.

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