Just Eat is set to invest “tens of millions of pounds” in the UK and hire “thousands of people,” CEO Jitse Groen has said.

Speaking on Sky’s Ian King Live programme yesterday (12 August), Groen said that there would be a “significant push” from the business to expand in the UK market, following a surge in revenue during the coronavirus crisis.

In its H1 2020 results released earlier this week, the delivery giant reported a 44% uplift in revenue, reaching €1 billion, and an adjusted EBITDA increase of 133%, to €177 million (€76 million in 2019).

The group saw orders increase by 32% to around 257 million for the period, which Groen told Sky was “quite logical” given the lockdown measures forcing people to stay at home.

The half-year results were the first since its £6bn Just Eat/Takeaway.com merger, which the group has said is “on track and progressing well.”

The business is also in the process of acquiring US delivery company Grubhub – a deal worth £5.6bn – which is set to make it one of the biggest delivery operators in the world outside China.

Topics