6th May 2014 08:04
LONDON (Alliance News) - Online takeaway food delivery service Just Eat PLC said Tuesday its strong financial performance has continued into 2014, with orders in the three months to March 31 up 51% compared with the same period in 2013.
The company said the launch of its iPad app in the UK helped push orders from mobiles devices to over 50% of total UK orders in the first quarter of 2014. Earlier this year the company acquired takeaway-specific electronic point of sale technology business Meal 2 Order.com Ltd.
Just Eat, which floated on the London Stock Exchange earlier this year, said its shares will move to a premium listing on the London main market on Tuesday and out of the High Growth Segment it had previously joined.
Chief Executive David Buttress said he was "pleased" with the company's performance in 2014, with "trading slightly ahead of management expectations in a period of strong growth and great execution by our local teams".
"Just Eat's continued growth reflects the further expansion of our contracted restaurant network giving our consumers an increased choice as they shift to online takeaway ordering," he added.
Buttress said, during a period of unusually wet weather in several of the company's key markets, its customers ordered more takeaway online and via mobile "than ever before".
Just Eat was trading at 231.86 pence, up 11.86 pence or 5.4%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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