Deliveroo PLC has released an update on guidance for the full year, alongside an update on trading for the second quarter of 2021 versus the comparable period in 2020.
- GTV has grown 76% year on year at the group level in the second quarter of 2021 to £1,739m (81% growth in constant currency). In the same period GTV in the UK and Ireland has grown 87% year on year to £921m (88% growth in constant currency) and GTV in the Group’s international segment has grown 65% year-on-year to £818m (75% growth in constant currency).
- Orders grew 88% year on year at the group level to 78m in the second quarter of 2021. In the same period orders in the UK and Ireland grew 94% year on year to 38m and orders in the Group’s international segment grew 83% year-on-year to 40m.
Deliveroo has seen continued strong growth and consumer engagement in H1, and as a result of that plus increased expectations for H2 is increasing the guidance for full year annual GTV growth from between 30% to 40% to between 50% to 60%.
Implied growth rates of guidance
| Actual | Implied from guidance | |||
| TOTAL GROUP | H1 2021 | H2 2021 (low) | H2 2021 (mid) | H2 2021 (high) |
| GTV £m | 3,386 | 2,729 | 2,933 | 3,136 |
| YoY growth % | 99% | 15% | 24% | 32% |
| Growth vs. 2019 % | 186% | 110% | 126% | 142% |
The company will be reporting its H1 2021 results on August 11.
