Become an InsiderAmazon-backed UK food delivery startup Deliveroo posted strong revenue and gross profit margin growth in 2019, though the firm still made a loss.
The firm is in discussions to go public via IPO, and may need to convince investors that an influx of users during the pandemic will stay loyal in the long term.Amazon-backed food delivery startup Deliveroo posted higher revenue and a healthy gross margin for its full-year 2019, but it also saw its losses rise in a set of results that did not include the effects of the pandemic.
Gross profit of £188.6 million , up from £91.3 million and meaning a gross profit margin of 24.4%. That's up from a gross profit margin of 19.2% the prior year.Impairment charge of £43 million after the shuttering of Deliveroo Germany. Deliveroo's results have yet to appear on the UK's company register, Companies House, despite a December 31 deadline. A spokeswoman said the firm had filed its accounts on December 21, and said the delay was down to the register.