Online delivery giant Just Eat reveals 30% revenue surge
Online food delivery platform Just Eat has posted its half year results, revealing a £464.5m revenue, up 30 per cent year on year.
The London firm said that it had enabled 123.8 million orders through its platform over the period to its 107,000 restaurants, a 21 per cent increase on the comparable period last year.
The listed firm reports that the statutory loss for the period was £8.8m, and adjusted earnings per share were down 36 per cent.
Revenue at the online food delivery marketplace grew 43 per cent in 2018.
“These are strong foundations for Just Eat to build on, as the business continues to drive forward,” said Peter Duffy, Interim Chief Executive Officer.
The firm has previously said it is targeting £1 billion in revenue in 2019 after its 2018 results showed significant growth.
"We've been working at pace and made good progress in the first half of the year to become the preferred food delivery app for our customers, with a broader choice of restaurants, a better user experience and a more personalised and impactful approach to communication,”
“Performance in our UK business strengthened in Q2, our Canadian and European businesses are performing well and Australia has returned to top line growth with our delivery operations achieving gross profitability.”
The firm was the first in the UK to add hygiene ratings to app, and said it has also improved personalisation in the first half of the year.
The firm has also announced new partnerships with Greggs and Asda in the UK, Domino's in France and Burger King in Denmark and Ireland.