Just Eat boosts outlook for 2023 earnings

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Food delivery service expects to break-even in the second half of the year and positive cash-flow thereafter

Just Eat has raised its full-year guidance as the company’s focus on cost cutting boosted profitability.

The food-delivery company now sees adjusted earnings before interest, taxes, depreciation and amortization of around €310 million in 2023, it said in a statement on Wednesday. It had previously forecast adjusted Ebitda of about €275 million for the year. The company said it expects to be approximately cash flow break-even in the second half of the year and positive ...

 

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