Just Eat's UK orders grew 24% to £29.7m
It is driven by 1.4 million orders from Hungryhouse, following the acquisition on 31 January.
Just Eat plc, a leading global marketplace for online food delivery, has updated the market on its performance over the three months to 31 March 2018. Its revenues were up 49% to £177.4 million in the First Quarter, driven by strong order growth and a greater proportion of higher value delivery orders in the mix.
Meanwhile its UK orders increased by 24% to 29.7 million, benefiting from 1.4 million orders from Hungryhouse, following the completion of the acquisition on 31 January, as well as the inclusion of part of the Easter holiday weekend, which added an estimated 1 percentage point to UK order growth.
Just Eat UK's CEO Peter Plumb said, “Just Eat has had a strong start to the year. We delivered our 400 millionth order in the UK, grew well in Italy and Spain, whilst powering continued momentum in our Canadian delivery service SkipTheDishes.
"We reiterate guidance given at the time of the 2017 full year results in March of Group revenue of between £660 – 700 million and uEBITDA of £165 – 185 million in 2018," he added.
