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JUST EAT powers ahead 50%

By James Russell: JUST EAT powers ahead 50%

January 18, 2015

JUST EAT, the world’s leading online and mobile marketplace for takeaway food has issued a full year order update for the year ended 31 December 2014.

The strong momentum reported during the year has continued, enabling management to remain highly confident for the full year results both financially and operationally.

Highlights

  • Total Orders for the 12 months to 31 December 2014 increased by 52% compared to the same period in 2013. This figure includes the benefit of consolidating the orders from the French business (Alloresto.fr) from July 2014 but excludes any Brazilian orders from November 2014 onwards when that business became an associate.
  • On a like for like basis (i.e. excluding orders in both years for countries where there has been a change in the basis of consolidation) JUST EAT’s orders increased by 50% in the full year compared to the same period in 2013.
  • This continued excellent performance across all markets has been driven by JUST EAT’s ongoing investment in marketing, staff, technology and new products supported by strong underlying momentum in the channel shift to consumers ordering takeaway on mobile devices and online.

David Buttress, CEO, commented:

“I am delighted with our continued growth in 2014 which provides an excellent base for further development of all our businesses. We enter 2015 with confidence and we will continue to invest to give consumers more reasons to order their takeaway favourites through JUST EAT’s online and mobile platforms.”

JUST EAT will report its 2014 full year results on 17 March 2015

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