At the beginning of the week, OrderYOYO released its Q1 2023 current trading update, which showed strong momentum with ARR and GMV growing 39% and 22%, respectively. OrderYOYO also raised their 2023 guidance. The results were delivered despite the challenging market conditions, indicating strong execution. At the date of the results, they also announced an acquisition in the UK/Irish market with Kingfood.
Friday 21 April, we hosted an event with CEO Jesper Johansen, CFO Jesper Hyveled, and deputy CEO Matthias Thom, where we went deeper into what is behind the good results and them taking market share, but also the latest M&A transactions and the outlook for more of that in the future.
OrderYOYO is a Danish Software-as-a-Service (SaaS) company that provides takeaway restaurants with all the necessary software to serve their customers, including online ordering, payment, marketing, and business management solutions. The software enables restaurants, primarily within takeaway, to have their own-branded online presence direct to consumers instead of via food portals.
Disclaimer: HC Andersen Capital receives payment from OrderYOYO for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 15:36, 21 April 2023.