Deliveroo’s turnover in Belgium up by over 200% in 2017

Tuesday, 10 July 2018 17:21
Deliveroo’s turnover in Belgium up by over 200% in 2017 © Belga
Deliveroo achieved a turnover of 8.9 million euros in Belgium in 2017, an increase of more than 200% over the preceding year (2.6 million euros), the food delivery service reported on Tuesday.
The company said it planned to pursue its growth in Belgium and expand into new cities in the next 18 months, although it did not say which ones.

With an operating profit of 988,000 euros last year, Deliveroo "is in the process of becoming profitable in Belgium,” the food platform stated. In 2017, its parent company invested in its various markets, mainly to “make the application function more effectively”.

Thanks to a new algorithm, the company – which raised 482 million dollars in November 2017 and was valued at more than two billion dollars – said it improved delivery speeds by 20%.

Thirty-nine persons work in Deliveroo’s Belgian offices, not including delivery staff, up from 19 in 2016.

Andy Sanchez
The Brussels Times
Google Plus

More Stories

The UK can decide on its own to revoke Brexit

The UK can decide on its own to revoke Brexit

The United Kingdom can decide on its own to reverse its withdrawal from the European Union, without needing the approval of the other member States, the Court of Justice of the European Union (CJEU) said in a ruling handed down on Monday.

Belgium judged “medium-performing” on climate

Belgium judged “medium-performing” on climate

Belgium is still a “medium-performing” country in the fight against climate change even if it has moved up by one point, according to the Climate Change Performance Index 2019, compiled by environmental NGOs and published on Monday on the occasion of COP24 in Katowice, Poland.

Protestors demand the right to repair their goods

About 30 persons demonstrated on Monday outside the Albert Borschette Conference Centre in Brussels’ European Quarter as representatives of EU member States met for a first series of votes on proposals to oblige companies to manufacture household appliances that are easy to repair and more durable.