Just Eat Takeaway.com NV on Wednesday said it will delay its planned delisting from Euronext Amsterdam, as it reviews the listing venues for its shares ahead of its acquisition of US peer Grubhub Inc, due to be completed during the first half of 2021.
The FTSE 100 online takeaway platform's delisting from Amsterdam was expected to take place around 20 trading days after February 3, which is the first anniversary of Just Eat Takeaway.com's shares started trading in London following the merger of the UK's Just Eat PLC and Dutch firm Takeaway.com NV.
However, Just Eat's acquisition of Grubhub requires that the group registers and lists the shares offered to Grubhub shareholders in the US.
For the final quarter of 2020, Just Eat expects revenue to be between EUR720 million and EUR740 million, a 60% to 64% increase from EUR451 million the prior year.
For the year as a whole, the group anticipates revenue to range from EUR2.38 billion to EUR2.40 billion, reflecting 51% to 52% year-on-year growth from EUR1.58 billion in 2019.
Just Eat expects an adjusted earnings before interest, tax, depreciation, and amortisation margin of 10%, reflecting significant investments in its Delivery offering in the fourth quarter of 2020.