Takeaway com : 09-10-2019 Press release - Q3 2019 Trading Update

Amsterdam, 9 October 2019

Q3 2019 Trading Update

Takeaway.com orders 87% up in Q3 2019; Germany up by 136%

Takeaway.com N.V. (AMS: TKWY), hereinafter the "company", or together with its group companies "Takeaway.com", the leading online food delivery marketplace in Continental Europe, hereby issues an order update for the third quarter of 2019.

Statement of Jitse Groen, CEO of Takeaway.com: "Takeaway.com upheld its strong order growth during the summer. While we continue to prioritise growth over profits, the company is now EBITDA positive in both the Netherlands and the Germany segment, and for the company as a whole."

Orders		Third quarter				Year-to-date
(in thousands)	2019	2018	Growth		2019	2018	Growth
			(% change)				(% change)
Netherlands	9,468	8,225	15%		27,942	23,879	17%
Germany1	19,217	8,159	136%		47,136	23,217	103%
Other Leading Markets2,3	12,931	5,929	118%		37,555	16,950	122%
Total	41,616	22,313	87%		112,633	64,046	76%

1. The aggregated German orders, including pre-acquisition, would be 19,217 thousand in the third quarter 2019 and 15,915 thousand in the third quarter 2018, resulting in 21% order growth and would be 55,967 thousand year-to-date 2019 and 45,962 thousand for year-to-date 2018, resulting in 22% order growth.
2. Other Leading Markets comprise Belgium, Austria, Poland, Switzerland, Luxembourg, Portugal, Bulgaria, Romania and Israel.
3. Other Leading Markets excluding Israel would be 7,719 thousand orders in the third quarter with 30% growth or 22,717 thousand orders year-to-date with 34% growth.
4. • Takeaway.com processed 41.6 million orders in the third quarter of 2019, representing an 87% increase compared with the third quarter of 2018, driven by both organic growth and acquisitions.
   • In Austria, our brand name has been changed from Lieferservice.at to Lieferando.at to benefit from the spill-over effect of our strong brand awareness in Germany.
   • The roll-out of Scoober continued with the expansion to four additional cities in the third quarter of 2019. Scoober is now active in 73 cities in ten countries. We will continue to invest in expansion to more new cities, primarily in Poland, where McDonald's was recently added to our offering.
   • On 5 August 2019, Takeaway.com and Just Eat plc announced a recommended all-share combination, which will create one of the largest food delivery companies in the world, with scale, strategic vision, industry-leading capabilities, leading positions in attractive markets and a diversified geographic presence. It is currently expected that the company's shareholder circular will be published towards the end of October 2019 and the EGM will be held in December 2019. Subject to satisfaction of conditions, including shareholder approvals and Works Council consultation process by Takeaway.com in the Netherlands, completion of the transaction is expected around year-end.

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Takeaway.com

Jitse Groen, CEO

Brent Wissink, CFO

Joerg Gerbig, COO

Investors:

Joris Wilton

1. [e-mail]

1. [phone]

Media:

1. [e-mail]

For more information please visit our corporate website: https://corporate.takeaway.com

About Takeaway.com

Takeaway.com is the leading online food delivery marketplace in Continental Europe and Israel. The company is focused on connecting consumers and restaurants through its platform. With nearly 50,000 connected restaurants, Takeaway.com offers consumers a wide variety of food choice. Takeaway.com mainly collaborates with delivery restaurants. In addition, Takeaway.com also provides restaurant delivery services in 73 cities in ten countries for restaurants that do not deliver themselves.

Founded in 2000, Takeaway.com has rapidly grown to become the leading online food delivery marketplace of Continental Europe with operations in the Netherlands, Germany, Belgium, Poland, Austria, Israel, Switzerland, Luxembourg, Portugal, Bulgaria, and Romania. In the twelve months ended 30 June 2019, Takeaway.com processed more than 123 million orders from 16.7 million unique consumers.

With approximately 4,500 employees, Takeaway.com processed orders worth €2.3 billion and generated revenue of nearly €315 million in the twelve months ended 30 June 2019.

The company is listed on Euronext Amsterdam (AMS: TKWY).

Financial calendar
● Q4 2019 Trading Update	:	9 January 2020
●	Full Year 2019 Results	:	13	February 2020
●	2019 Annual Report	:	12	March 2020
● Q1 2020 Trading Update	:	9	April 2020

Dates may be subject to change following completion of the recommended all-share combination.

For more information, please visit https://corporate.takeaway.com/investors/financial-calendar/

Market Abuse Regulation

This press release contains inside information as meant in clause 7(1) of the Market Abuse Regulation.

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Disclaimer

Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the company's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward -looking statements speak only as of the date they are made.

The company expressly disclaims any obligation or undertaking to update, review or revise any forward -looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.

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