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In IT, Innovation and Startups

Just it catches a green wave

21st October 2019

Just it catches a green wave Pin It

Meal deliverer Just Eat increased its turnover by a quarter in the third quarter. The number of orders was also higher. The intended merger partner of the Dutch company Takeaway.com repeated its expectations for the whole year.

Just Eat’s turnover amounted to £ 247.5 million, around € 286.5 million. The number of orders rose by 16 percent to 62 million. More than half of them came from the United Kingdom. Just Eat mainly did good business there with his delivery service. The marketplace, where companies only use the online functions of Just Eat and deliver their meals themselves, grew less rapidly. Furthermore, the Australian branch of the British company showed recovery.

Just Eat continues to assume a turnover of between 1 billion and 1.1 billion pounds this year. The underlying operating profit (EBITDA) should be between £ 185 million and £ 205 million. That is without the results of the Latin American activities where an underlying operational loss of between € 80 million and € 100 million is expected.

Just before the merger with Takeaway, Just Eat expects to be able to hold a shareholders’ meeting in December. According to the company, the merger could be completed this year.

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