Deliveroo making ‘positive’ progress in key UK market – Davy analysts
Deliveroo reported total revenue of £1.97 billion, up 14 per cent on 2021, according to the group’s annual results
Online delivery platform Deliveroo has made “real progress” in its key UK market, according to analysts.
Execution has been “positive,” there has been a meaningful transition to positive adjusted earnings, and the balance sheet remains robust, analysts at stockbrokers Davy said in a note following annual results from Deliveroo.
“Deliveroo has demonstrably stayed in the game and seems well placed to be a meaningful player in the UK,” David Reynolds, Alex Short, James Musker, and ...