Just Eat grows revenues 44 per cent as orders rise 24 per cent

 
Caitlin Morrison
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Just Eat And Starship Technologies Delivers World's First Takeaway By A Robot
Just Eat has begun using robots to deliver food (Source: Getty)

Can't cook, won't cook? Whatever the reason, an increase in the number of takeaways being ordered has boosted revenue and profits at online food delivery service Just Eat.

The figures

Revenues grew to £247m in the six months to 30 June, up 44 per cent compared with £172m reported for the same period of last year.

Profit before tax was up 46 per cent to £49.5m from £33.8m, and basic earnings per share rose 49 per cent to 5.5p from 3.7p.

Order numbers increased by 24 per cent to 80.4m from 64.9m.

Shares in the group were up 0.9 per cent in early trading but have since dropped by 3.5 per to 688p.

Why it's interesting

Just Eat has had an eventful first half of the year. The company's chairman, Dr John Hughes, sadly died in June after a short illness.

Meanwhile, the group's £200m takeover of Hungryhouse has been referred for an in-depth investigation by the competition watchdog.

What Just Eat said

"This has been another excellent period of progress with revenues, profits and earnings all showing strong growth and once again demonstrating the strength of our business model," said Just Eat interim chairman Andrew Griffith.

"I would particularly like to commend the interim chief executive officer, Paul Harrison, and the entire team at Just Eat for their hard work and focus at a time of significant change in senior leadership.

"Today's results, the recent appointment of Peter Plumb as chief executive officer and the very substantial headroom for further growth in all of our territories mean that we are exceptionally well-placed as we enter the second half of the year."

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