Tuesday, 1 May 2018

Online takeaway delivery firm Just Eat serves 400 millionth order and revenue jumps after Hungryhouse acquisition

Online takeaway delivery firm Just Eat announced a big rise in its first-quarter revenue as it delivered its 400 millionth order in the UK.
Revenue rose 49% to £177.4m in the three months to March 31, compared with £118.9 million in the same period of 2017.
The London-based company, which has operations in Australia, Canada, Europe and the UK, said orders jumped 32% to 51.6 million.

UK orders climbed 24% to 29.7 million, helped by to the acquisition of Hungryhouse, and increased orders over Easter, which added an estimated 1% to UK order growth.

Just Eat reiterated full-year guidance of revenue of between £660m and £700m and expects underlying earnings of £165m to £185m in 2018.

Just Eat's chief executive Peter Plumb said: "We delivered our 400 millionth order in the UK, grew well in Italy and Spain, whilst powering continued momentum in our Canadian delivery service SkipTheDishes."

While international orders rose 46% to 21.9 million, Just Eat warned of "softness" in Australia, where it faces stiff competition.

BBC      News.

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