Just Eat has revealed a sales uplift of 30% in its half year results to 30 June 2019.
Orders were up 21% and the business said it had gained two million customers, with 27 million customers now placing an order 8.7 times a year on average, compared to 8.1 in 2018.
It also said it now covered 50% of UK homes.
However, pre-tax profits were down 98% from £48.1m to £800,000 following heavy investments in its delivery operation and iFood.
“We’ve been working at pace and made good progress in the first half of the year to become the preferred food delivery app for our customers, with a broader choice of restaurants, a better user experience and a more personalised and impactful approach to communication,” said CEO Peter Duffy.
“Performance in our UK business strengthened in Q2, our Canadian and European businesses are performing well and Australia has returned to top line growth with our delivery operations achieving gross profitability. These are strong foundations for Just Eat to build on, as the business continues to drive forward.”
Precis
Just Eat sales up but profits down
Just Eat has revealed a sales uplift of 30% in its half year results to 30 June 2019. Orders were up 21% and the business said it had gained two million customers, with 27m customers now placing an order 8.7 times a year on average, compared to 8.1 in H1 2018. It also said it now covered 50% of UK homes. However, pre-tax profits were down 98% from £48.1m to £800,000 following heavy investments in its delivery operation and iFood.
