Just Eat FY 05.03.19 Preview5 Mar 2019 13:34
Will Just Eat feel the pinch of the takeaway wars when it reports its full year results on March 6th?
The company mitigated the shock of the departure of CEO Peter Plumb with some better than expected full year forecasts. Revenue is set to come in nearly 43% higher year-on-year to £780 million, while underlying core earnings of £172 million to £174 million would be a 5.5% increase at the mid-point, a dramatic slowdown from the 42% growth managed in 2017.
As for 2019, Just Eat is expecting revenue in the range of £1 billion to £1.1 billion, and underlying EBITDA between £185 million and £205 million. More so than its figures, investors will be interested in its CEO search, with Peter Duffy currently filling in as interim chief.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here:
https://spreadex.com/?tid=387874