Orders from the food delivery giant Deliveroo have more than doubled in the first three months of 2021, the firm said in a trading update.
The number of customers using the platform each month also climbed by a record 91% year-on-year to 7.1 million.
The company, whose shares dived when it listed on the London Stock Exchange last month, said it was unsure how much the growth was due to lockdown.
Deliveroo still expects full-year sales to rise by 30% to 40%.
Founder and chief executive Will Shu said: “This is our fourth consecutive quarter of accelerating growth, but we are mindful of the uncertain impact of the lifting of Covid-19 restrictions.
“So while we are confident that our value proposition will continue to attract consumers, restaurants, grocers and riders throughout 2021, we are taking a prudent approach to our full year guidance.”
Deliveroo said that orders soared by 121% in the UK in the past three months to 34 million as the pandemic takeaway craze doesn’t seem to be slowing anytime soon.
The companies’ overseas markets orders were up 108% to 37 million.
However, the company said it expects its current rate of growth “to decelerate as lockdowns ease”, although the extent of the slowdown remains “uncertain”.
Michael Hewson, an analyst at CMC Markets, said: “This morning’s update is certainly encouraging, and shows the business is heading in the right direction.
“It remains to be seen whether it will be enough to tempt shareholders back on board after the losses [in the share price] seen since the beginning of the month.”
Editor-in-Chief | Carl D. Pearson has been involved in British politics and media from an early age, with the key knowledge of what it takes to run a news organisation for the 21st century. Mr Pearson, as Editor-in-chief, is responsible for supervising the daily tasks of publishing media and content to UNN’s website and various platforms.
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