Miriam Adisa's questions to Just Eat Takeaway.com (TKAYF) leadership • Q2 2023
Question
Miriam Adisa from Morgan Stanley questioned why the company did not raise its full-year EBITDA guidance, given the strong first-half performance and previous comments suggesting a stronger second half.
Answer
CEO Jitse Groen explained that the company is balancing profitability with increased investments in growth, particularly in expanding its logistics network and enhancing technology for new verticals. He clarified that the guidance of "approximately €275 million" allows for some upside but also accounts for second-half uncertainties. Groen emphasized that significant reductions in operating costs are enabling these simultaneous investments in growth and profitability.