(Alliance News) - Deliveroo PLC on Friday noted improved order growth in 2023 as it expects annual earnings to be ahead of its guidance.
The London-based food delivery services firm said it anticipates adjusted earnings before interest, tax, depreciation and amortisation in 2023 to be "slightly above" its guidance range of GBP60 million to GBP80 million. This would be an improvement from an adjusted Ebitda loss of GBP45.0 million in 2022.
It also saw gross transaction volume growth of 3%, in line with its guidance of lower single digit percentage growth at constant currency. In 2022, GTV growth was 5%.
Domestically, GTV growth was 7% year-on-year, with underlying GTV trends "remaining steady". Meanwhile, international GTV returned to growth of 1% at constant currency due to improving trends in most markets, Deliveroo explained, as well as "continued strength in Italy and the United Arab Emirates".
Founder & Chief Executive Officer Will Shu said: "I'm really proud of the team's execution in Q4, including launching our retail offering. We delivered a good performance in UK and saw International return to GTV growth, with encouraging trends in several markets."
Deliveroo will publish its full-year financial results on March 14.
Shares in Deliveroo rose 0.3% to 135.20 pence each in London on Friday morning.
By Sabrina Penty, Alliance News reporter
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