Question · Q2 2023
Sridhar from UBS questioned the company's confidence in the UK & Ireland segment reaching the high EBITDA margins of Northern Europe, given the current gap and competitive intensity.
Answer
CEO Jitse Groen expressed high confidence, citing the UK's large and profitable marketplace business which funds logistics investments. He highlighted significant efficiency gains from consolidating delivery models and introducing technologies like order pooling, which did not exist last year. These cost reductions are enabling increased investment in marketing and network expansion, further strengthening their position and path to higher profitability.