JUST EAT reports accelerated UK order growth of 50% year-on-year
The digital marketplace for takeaway food delivery issued the order update for the third quarter three and nine months to 30 September 2015.
The strategy of ongoing investment in technology and marketing to drive order growth has delivered orders ahead of management expectations with an acceleration in order momentum over the period. Continued success with our marketing campaigns and product improvements across multiple geographies, has driven growth in active users, order frequency and online restaurants.
The company reported accelerated UK order growth of 50% year-on-year (H1 2015: 49%), benefitting marginally from poor weather over the summer, with more than 74% (H1 2015: 69%) of UK orders in Q3 made via mobile devices, of which more than 41% were by app (H1 2015: 38%). The third quarter also saw doubled numbers of UK restaurants trialling ‘order on its way’ notification to 600, and launched Partner Centre apps – dedicated management tools for Restaurant owners.
JUST EAT cquired two small businesses during the Third Quarter, Orderit.ca, in Canada; and Nifty Nosh, in Northern Ireland, to add to our market-leading positions in those geographies and integrated with the Menulog Group, acquired in June 2015, the process of which is underway while the business continues to meet expectations.
David Buttress, CEO, commented: “JUST EAT delivered a strong quarter of organic order growth. Our strategy of investing in technology and marketing to drive growth has delivered orders ahead of management expectations with an acceleration in order momentum. In the context of this performance, we are raising our revenue guidance for the full year. I would like to thank the whole JUST EAT team for their hard work and commitment in delivering these excellent results.”
Given the strong order growth in the Third Quarter, the company said that it is increasing its revenue expectations for the full year to slightly above £240 million, up from the £230 million guidance issued in August.
"Supported by this improved revenue performance, the Group continues to drive growth with increased investment in areas such as improving the customer experience, bringing greater choice to our consumers and driving the channel shift to mobile. As such EBITDA for the full year remains on track and in line with current expectations," JUST EAT said.
