Just Eat delivers 62% revenue growth

17 March 2015 by
Just Eat delivers 62% revenue growth

Just Eat has grown revenue by 62% to £157m as restaurant delivery becomes more commonplace.

The online restaurant delivery firm said that it had seen a 52% increase in orders in the year to 31 December 2014, with most people now preferring to use a mobile device. EBITDA in the period was £32.6m, up 131% on 2013.

Chief executive Dave Butress said the business had begun to offer real-time order tracking and had also signed 1,000 collection only restaurants in the UK.

He added: "At peak, we now process 1,100 orders per minute through our contracted network, demonstrating our ability to reliably deliver scalable solutions to our 45,700 restaurant partners."

The company has focussed on delivering full functionality on mobile, with 61% of orders coming from mobile devices in the period.

Butress said: "We are continuing to increase our investment in engineering and product into 2015, to accelerate the introduction of new features on our platforms. We are driving channel shift through initiatives such as mobile and brand refresh; improving the consumer experience through innovation and improved information whilst expanding choice through restaurant signings."

He predicted that 2015 revenues would exceed £200m.

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