Just Eat orders rise by a third to move past one billion mark

By BigHospitality

- Last updated on GMT

Just Eat orders rise by a third to move past one billion mark

Related tags: Just Eat, Delivery & takeaway

Just Eat saw orders on its platform rise to 1.1 billion last year as the pandemic continued to keep people out of restaurants and ordering takeaway food instead.

The number of orders has increased by a third (33%) on the previous year, with 274 million orders processed in the fourth quarter alone – a rise of 14% on 2020 – according to the takeaway platform.

During the period, Just Eat announced several on-demand grocery delivery partnerships in the UK, including with Asda and One Stop.

In a trading update on its fourth quarter, the company says the UK & Ireland has been the fastest growing segment of the market, for both the quarter and the full year, with significant improvements made in adjusted EBITDA.

It says it will continue to invest heavily in its London network, as part of its plan to further improve profitability in that market in 2022. Over the past two years the company has grow its order number sixfold.

“On the back of this success, we have markedly improved our adjusted EBITDA throughout the second half of 2021, and we will make further improvements this year,” says Jitse Groen, Just Eat Takeaway.com CEO.

“Meanwhile, we expect our market positions to strengthen further, driven by our superior network effects.”

Related topics: Business & Legislation, Casual Dining



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