Deliveroo returns to order growth on strong international demand

Deliveroo reported flat order growth in the UK and Ireland due to a “more stable but still uncertain consumer environment” in the region

Company kept its guidance for the year ahead unchanged. It expects earnings before interest, taxes, depreciation, and amortization between £110m (€128m) and £130m in 2024. Picture Denis Minihane.

Deliveroo said orders returned to growth with a 2% increase in the first quarter, driven by “strong progress” in the food delivery company’s international segment.

Users placed 73.5 million orders in the first quarter, up from 72.1 million in the same period last year, according to a statement on Thursday. Gross transaction value increased 6% on a constant currency basis to £1.8bn (€2.1bn).