The Caterer

Just Eat to float on London Stock Exchange

17 March 2014 by
Just Eat to float on London Stock Exchange

Online restaurant delivery marketplace Just-Eat Group is to float on the London Stock Exchange.

The company allows customers to order takeaway food (food for delivery or collection) from local takeaway restaurants and operates in 13 markets. Its largest are in the UK, Denmark, France, Canada, Ireland and Spain.

In 2013, Just Eat generated combined revenue of £80.4m and underlying EBITDA of £30.2m.

David Buttress, chief executive of Just Eat said: "I'm very pleased to be bringing Just Eat to market following several years of strong growth and expansion. Just Eat brings together tens of thousands of local takeaway restaurants globally and processes millions of online orders monthly, which I believe makes us one of the most exciting global growth companies in Europe. Our purpose is to empower consumers to love their takeaway experience.

"We have consistently delivered impressive results and built leading positions in several markets through a combination of a strong brand, a customer-centric culture and a passionate team. We see further opportunities ahead as we encourage more people to experience the benefits of online takeaway ordering. Our team is focused with a clear strategy and I believe we have a strong platform for continued rapid growth. The listing of JUST EAT on the London Stock Exchange marks the beginning of the next stage of our growth and development."

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