Food delivery group Just Eat raises full-year revenue outlook for 2018

By Laura Mullan
Online food delivery company, Just Eat, lifted its full-year revenue forecast by 11%, after its investments in technology, brand and delivery paid off i...

Online food delivery company, Just Eat, lifted its full-year revenue forecast by 11%, after its investments in technology, brand and delivery paid off in its first half.

The British company said that orders rose 30% to £104.4mn ($137.28mn) in the six months ending 30 June 2018. 

Just Eat also said that its revenue climbed 45% to £358.4mn ($471.28mn) and its underlying earnings (EBITDA) was up 12% to £82.7mn ($108.75).

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Peter Plumb, Chief Executive Officer, said: "The Just Eat Group served 24 million customers with 104 million takeaways through the Group’s platforms around the world. 
 
“Our increased investments in technology, brand and delivery are on track to make our service even easier to use, whilst expanding our customer’s choice.

"I’m pleased with the strong start to the year and excited by our opportunity to help many more people enjoy more of their takeaway moments through our platforms."
 
In the UK, the FTSE 100 company said its revenue rose 30% following its £240mn ($315.59mn) takeover of rival HungryHouse.
 
Meanwhile, in Canada Just Eat’s revenue soared 212%, driven by a strong performance from SkipTheDishes, a Canadian food delivery service it acquired in 2016.

The food delivery company said that orders via app accounted for 54% of total orders. 

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