JUST EAT, the leading online market place for takeaway food delivery, has updated for the three months to 31 March 2015, confirming that strong order momentum continued throughout the First Quarter of 2015.
David Buttress, Chief Executive Officer, commented:
“I am delighted with the Company’s performance over the First Quarter. The team has worked very hard in all our markets to achieve these results. I am also pleased to see the continued shift of consumers to the ease and convenience of ordering food through JUST EAT’s apps and websites.”
Highlights
- Total orders in the First Quarter increased by 51% over the comparable period in 2014. This figure includes orders from the French business (Alloresto.fr) consolidated from July 2014 and from the Mexican business, acquired in February 2015, and excludes any Brazilian orders from November 2014 onwards when the business became an associate.
- On a like-for-like basis (i.e. excluding orders in both periods for countries where there has been a change in the basis of consolidation) orders were up 47%.
- This continued growth supports the strategy of ongoing investment including:
- expanding the technology team at the new site in Bristol to drive innovation;
- increasing investment in Latin America through the Brazilian joint venture and the recently acquired Sindelantal Mexico;
- significantly expanding brand marketing campaigns in earlier stage markets such as Spain;
- continuing to drive consumer awareness through multi-channel marketing in the UK; and
- progressing the B2B initiatives previously announced – including various in-restaurant technology trials.
- As previously reported, during the First Quarter JUST EAT acquired the leading Mexican takeaway business, secured full ownership of the Swiss business, and increased its stake in the Brazilian joint venture by 5% to 30%.
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