Deliveroo's orders soar by 114 per cent in three months

Deliveroo has published a trading updateDeliveroo has published a trading update
Deliveroo has published a trading update
Deliveroo said that orders soared by 114% in the past three months to 71 million as the pandemic takeaway boom continued during the third national lockdown.

However, the company said it expects its current rate of growth “to decelerate as lockdowns ease”, although the extent of the slow-down remains “uncertain”.

The update comes weeks after the group’s float on the London Stock exchange, which saw the value of its shares cut by a third in a week amid investor concerns over corporate governance and worker rights.

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Will Shu, Deliveroo founder and chief executive officer, said: “We are delighted with the Deliveroo first quarter results.

“Demand has been strong in both the UK & Ireland and international markets driven by record new consumer growth and sustained engagement from our existing consumers.

“This is our fourth consecutive quarter of accelerating growth, but we are mindful of the uncertain impact of the lifting of Covid-19 restrictions.

“So while we are confident that our value proposition will continue to attract consumers, restaurants, grocers and riders throughout 2021, we are taking a prudent approach to our full-year guidance.”

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