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Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.

Here’s Why Just Eat Takeaway Share Price Just Soared to Fresh Record Highs

Updated: 14 Oct 2020

Shares of Just Eat Takeaway (AMS: TKWY) soared 6% today to print fresh all-time highs after the company said it had registered 46% more orders in the third quarter than in the same period 2019.

Online sales rose across the board this year as the pandemic forced stores to close for a significant period of time. As a result, the order growth accelerated further after rising 32% in the first half of 2020.

Orders were up as much as 47% in Germany, while the UK followed with a 43% increase. The Netherlands witnessed a 33% rise in orders.

“We have continued to generate strong adjusted EBITDA, while investing aggressively, and are well-positioned for autumn and winter, our traditional growth season,” Chief Executive Jitse Groen said, without providing further financial details.

Just Eat Takeaway share price moved about 6% higher to print 103.46, exceeding the previous record high set in August.

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