Will Shu News
08.08 / 15:46
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Deliveroo reaches net profit and cash flow milestones
Deliveroo said it had achieved the twin milestones of positive net profit and free cash flow in the first half as demand from customers stabilised, sending its shares up 9% on Thursday. Chief Executive Will Shu, who co-founded the business in 2013, said the performance overall was «really strong». «We are improving profitability whilst we're still growing,» he said. «Orders returned to year-on-year growth and GTV (gross transaction value) momentum is good.»
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