Rob Joyce's questions to Just Eat Takeaway.com (TKAYF) leadership • Q2 2022
Question
Rob Joyce of Goldman Sachs questioned the company's commitment to its Southern Europe division, highlighting its low order growth and significant contribution to operational losses, with a specific focus on Australia.
Answer
CEO Jitse Groen acknowledged that some markets saw pandemic-driven growth reverse, requiring investment levels to be re-evaluated. He stated that losses in Australia are being reduced at a 'very high pace' and that if a clear path to large-scale profitability does not emerge for a market, a sale would be considered.