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Irish cravings feed Just Eat profits

Food delivery app Just Eat saw its global revenue swell by 52% to £375.7m (€433m)...
Newstalk
Newstalk

13.39 7 Mar 2017


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Irish cravings feed Just Eat p...

Irish cravings feed Just Eat profits

Newstalk
Newstalk

13.39 7 Mar 2017


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Food delivery app Just Eat saw its global revenue swell by 52% to £375.7m (€433m) last year.

The London-based international firm has reported profit before tax of £91.3m (€105m) that's 164% higher than 2015.

Its Irish operation underwent a rebrand in 2016 and it now has more than 1,900 partner restaurants around the country.

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Just Eat Ireland / Facebook

It's recently added high street favourites Milano’s, Eddie Rockets, Real Gourmet Burger and Supermacs to its Irish roster and Just Eat plans to add more partners throughout the rest of the year.

The Just Eat app has been downloaded over 850,000 times in Ireland since it was launched.

 

Real deal slow-smoked BBQ delivered from @whiterabbitbbq Cork on Just Eat #FindYourFlavour

A post shared by Just Eat Ireland 🍕🍜🌮🍣🍔🍩 (@justeatie) on

It could soon face a little more competition, as Uber Eats prepares to bring its delivery service to Ireland.

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Internationally its orders were up 42% to 136.4 million last year - and 36% higher on a like-for-like basis.

It now has 17.6 million active users around the world.

David Buttress, Chief Executive Officer, commented: "We continue to see strong growth in the UK, adding materially more revenues in absolute terms than the year before.

"Our international businesses also go from strength to strength; having become profitable in aggregate during the year, they continue to grow rapidly and now represent over one-third of Group revenues."


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