Just Eat's total orders up 22% in Q3

Its revenues were up 47% to £138.6m driven by strong order growth and the inclusion of SkipTheDishes.

Just Eat plc has updated the market on its performance over the three and nine months to 30 September 2017.

In the financial highlights, total orders were up 29% to 43.1m from 33.3m in Q2. UK orders also experienced a hike with 26.2m from 21.4m in 2016, up 22% against a comparative period that was impacted by unseasonal weather conditions.

Just Eat further announced that, following three years as a listed company, it is ceasing publication of its January trading update. Just Eat will continue to report full financials at the full and half year, alongside first and third quarter trading updates. As such, Just Eat’s next market update will be its full year 2017 results on 6 March 2018.

Given the continued strength of SkipTheDishes, driven by commensurate investment, Just Eat will raise its previous revenue guidance for full year 2017 of £500-515 million to between £515-530 million and retain that of underlying EBITDA of between £157-163 million.

CEO Peter Plumb said, “The Just Eat team has once again delivered another period of strong growth. As I get to know the company, it is great to see the UK business in good health and positive momentum across our international markets, particularly in Canada where SkipTheDishes’ delivery expertise and relentless focus on customer service are driving excellent results. We will continue to invest for growth in technology, marketing and great people.”