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Just Eat grows revenue by 57% to £96.2m

01 March 2016 by
Just Eat grows revenue by 57% to £96.2m

Just Eat, the online service for takeaway food delivery, processed orders worth £1.7b for its restaurant partners in 2015.

In its full year results published today, the group reported a 57% increase in revenue to £96.2m and an 83% increase in underlying EBITDA to £59.7m. The number of customers using the global business, which works with 61,500 takeaway restaurants, grew by 65% to 13.4 million.

David Buttress, chief executive of Just Eat, said growth had been driven by an increase in the number of outlets for customers and a value proposition in marketing and technology for restaurants.

"We are now market-leader in 12 out of 13 territories. Our business is becoming increasingly global, with our international business now larger and growing even quicker than our UK business was at the time of IPO.

"The global online takeaway market continues to grow as consumers become ever more demanding; wanting more choice and greater convenience. Just Eat has been at the leading edge of developing and growing the online marketplace for takeaway food delivery as it responds to these changing trends."

Looking ahead, Buttress said the board expects 2016 revenues of £350m and underlying EBITDA of between £98-100m at current exchange rates."

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