3rd Nov 2014 07:00
3 November 2014
JUST EAT plc
Interim Management Statement
JUST EAT plc ("JUST EAT"), the world's largest online and mobile marketplace for takeaway food today issues its Interim Management Statement.
The strong momentum reported at the half-year results has continued both financially and operationally, and JUST EAT's performance over this summer period enables management to remain confident for the full year.
Highlights include:
· Total Orders in the three months to 30 September 2014 ("Q3") increased by 56% compared to the same period in 2013. This figure includes the benefit of consolidating the orders from our French business (Alloresto.fr) from July 2014.
· On a like for like basis (i.e. excluding the French orders) JUST EAT's orders increased by 51% in Q3 compared to the same period in 2013.
· This strong Q3 percentage growth reflects both the underlying strong momentum in all parts of the business and a July 2013 comparator, which was weak due to the 2013 UK heat wave.
· Since 30 June, the Group has also (as previously announced):
§ Increased its stake in Alloresto.fr to 80% to consolidate our leadership in the French market, and;
§ Created the clear market leader in the Brazilian online delivery food market by establishing a joint venture, in which JUST EAT holds 25%, with the Brazilian operator, iFood.
David Buttress, CEO commented:
"I am very pleased with our performance over the summer, a period when even more consumers have enjoyed the benefits of our online marketplace for takeaway food, particularly via their mobile devices. At a strategic level, our commitment to developing market leadership in all of our territories was further reinforced by JUST EAT acquiring control of Alloresto.fr in France, and creating a market-winning JV in Brazil with iFood. We are in an excellent position as we enter the important winter period and remain confident for the full year."
Enquiries
JUST EAT: | +44 (0) 20 3667 6900 |
David Buttress, Group Chief Executive Officer | |
Michael Wroe, Group Chief Financial Officer | |
Brunswick Group LLP: | +44 (0) 20 7404 5959 |
Sarah West, James Olley, Natalia Dyett |
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