6 May 2014 07:01
6 May 2014
JUST EAT plc
Interim Management Statement
JUST EAT plc ("JUST EAT" or the "Company"), which operates the world's largest online marketplace for takeaway delivery, today issues its Interim Management Statement.
JUST EAT's strong financial performance has continued since 31 December 2013. Trading is slightly ahead of management expectations in part as a result of the unusually wet winter weather in the UK and Northern Europe. Highlights include:
- Orders in the 3 months to 31 March 2014 increased by 51% compared to the same period in 2013
- The successful launch of an iPad App in the UK helped push orders from mobile devices to over 50% of total UK orders in the first quarter of 2014
- Completion of the acquisition of takeaway-specific EPOS technology business Meal 2 Order.com Limited in February 2014
- On 8 April the Group was admitted to the High Growth Segment of the Main Market of the London Stock Exchange
- Today the ordinary shares of the Company will be admitted to the premium listing segment of the Official List of the UK Financial Conduct Authority
David Buttress, CEO, commented:
"I am pleased with our 2014 performance to date, 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. During a period of unusually wet winter weather in several of our key markets our consumers ordered more takeaway online and via mobile than ever before."
Enquiries
JUST EAT: +44 (0) 20 3667 6900
David Buttress, Group Chief Executive Officer
Michael Wroe, Group Chief Financial Officer
Frank McGlade, Head of Corporate Communications
Brunswick Group LLP: +44 (0) 20 7404 5959
Sarah West, James Olley, Natalia Dyett