Just Eat publishes Q1 2015 Order Update
Just Eat plc (LSE: JE.), the world’s leading online market place for takeaway food delivery, today issues an order update for the three months to 31 March 2015 (“First Quarter”).
As indicated at the time of our full year results in March, strong order momentum continued throughout the First Quarter of 2015.
• Total orders in the First Quarter increased by 51% over the comparable period in 2014. This figure includes orders from our French business (Alloresto.fr) consolidated from July 2014 and from the Mexican business, acquired in February 2015, and excludes any Brazilian orders from November 2014 onwards when the business became an associate.
• On a like-for-like basis (i.e. excluding orders in both periods for countries where there has been a change in the basis of consolidation) orders were up 47%.
• This continued growth supports our strategy of ongoing investment including:
o expanding our technology team at our new site in Bristol to drive innovation;
o increasing investment in Latin America through our Brazilian joint venture and the recently acquired Sindelantal Mexico;
o significantly expanding our brand marketing campaigns in earlier stage markets such as Spain;
o continuing to drive consumer awareness through multi-channel marketing in the UK; and
o progressing the B2B initiatives previously announced – including various in-restaurant technology trials.
• As previously reported, during the First Quarter we acquired the leading Mexican takeaway business, secured full ownership of our Swiss business, and increased our stake in our Brazilian joint venture by 5% to 30%.
David Buttress, Chief Executive Officer, commented:
“I am delighted with the Company’s performance over the First Quarter. The team has worked very hard in all our markets to achieve these results. I am also pleased to see the continued shift of consumers to the ease and convenience of ordering food through JUST EAT’s apps and websites.”
Forward looking statements:
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances. Actual results may, and often do, differ materially from any forward-looking statements. Any forward-looking statements in this announcement reflect management's view with respect to future events as at the date of this announcement. Save as required by law or by the Listing Rules of the UK Listing Authority, the Company undertakes no obligation to publicly revise any forward-looking statements in this announcement following any change in its expectations or to reflect events or circumstances after the date of this announcement.
About the JUST EAT Group:
JUST EAT plc operates the world’s leading online market place for takeaway delivery. Headquartered in London, we use proprietary technology to offer a quick and efficient online ordering service for over 8 million users and over 45,700 takeaway restaurants. JUST EAT is a member of the FTSE 250 Index. https://www.just-eat.com/investors