Deliveroo PLC on Thursday backed its yearly outlook, after reporting third-quarter growth, and the food delivery firm said it has ‘many exciting opportunities ahead’.

Deliveroo said revenue in the third-quarter of the year climbed around 2.3% on-year to £498 million from £487 million 12 months earlier. Revenue climbed 4% at constant currency.

Gross transaction value climbed 4.8% to £1.78 billion from £1.70 billion. At constant currency, GTV rose 6%.

Order numbers climbed to 71.0 million from 69.7 million, while the average value per order was up around 2.9% to £25.0 from £24.3.

‘Our results demonstrate another solid quarter of growth with a 6% year-on-year increase in GTV. UK & Ireland growth remains healthy, with improving order trends and overall we are pleased with the underlying growth in International, driven by the UAE and Italy,’ Chief Executive Officer Will Shu said.

‘There are many exciting opportunities ahead for the on-demand delivery industry. With our market-leading [consumer value proposition], our pioneering approach to new verticals and our continuing work on loyalty, price integrity and service, Deliveroo is well-positioned to capture the significant growth potential in an industry still early in its maturity.’

In the UK & Ireland segment, revenue was 3.7% to £308 million and GTV was up 7.0% to £1.10 billion.

Deliveroo also operates in Belgium, France, Hong Kong, Italy, Kuwait, Qatar, Singapore and the UAE.

In the International arm, revenue was flat on-year at £190 million, while GTV was up 1.3% to £680 million.

Growth was hampered by ‘temporary disruption in France as a result of the Olympics’.

‘Elsewhere, UAE and Italy continue to grow strongly, while Hong Kong remains a laggard due to the difficult competitive environment,’ Deliveroo added.

Looking ahead, it backed its outlook. Deliveroo still expects to be free cash flow positive for the full year. Gross transaction value growth in the range of 5% and 9% is still the forecast. Adjusted earnings before interest, tax, depreciation and amortisation in the upper half of a £110 million to £130 million range is expected.

Deliveroo shares rose 2.4% to 150.40 pence each in London on Thursday morning.

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