Subscribe Login
Food

Deliveroo's Revenues In Ireland Rose Last Year

By Dave Simpson

Deliveroo's revenues in Ireland rose last year by 64% to €43.2 million, according to RTÉ.

Details

As reported by RTE.ie, new accounts have revealed that Deliveroo Ireland Ltd's revenues rose increased by €16.85 million to €43.2 million from €26.34 million during the 12 month period that ended on 31 December 2021, while its operating profit grew to to €1.123 million from €54,504; its profits dropped as result of a foreign exchange loss and interest amounting €303,991, which resulted in a 27% rise in pre-tax profit €819,246; staff costs amounted to €626,989, with Deliveroo directly employing 10 people in Ireland in sales, marketing and operations; its non-cash depreciation costs amounted to €79,468; its cost of sales amounted to €28.45 million; its administration expenses were a total of €5.05 million.

Directors' Statements

RTE.ie quotes the firm's as saying that the rise in revenue last year was "as a result of increased demand, the change in ordering behaviour and sales mix brought about the impact of COVID-19".

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

RTE.ie also quotes the directors as saying that the company's gross profits grew by 75% to €14.74 million, "reflecting both increased demand and the scalable unit economics of the business model".

© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription