Food and Drink

Just Eat sees sales surge 46%

Takeaway delivery company Just Eat has revealed its sales surged 46% during the third quarter of the year, boosted by its partnerships with McDonald’s and Greggs.

The company revealed that it delivered 151 million orders globally during the quarter up from 103 million the previous year.

In the UK it saw deliveries increase 43% from 32.6 million orders to 46.4 million.

It comes after the service said it had started an “aggressive investment programme” in the legacy Just Eat countries to strengthen its competitive positions and invested “significantly” into its marketing and sales.

It added this programme has delivered accelerated growth while maintaining “strong adjusted EBITDA”.

During the period Just Eat also continued to enhance its restaurant selection, driven by several new partnerships, including the roll-out of approximately 800 McDonald’s restaurants and 300 Greggs locations in the UK.

CEO Jitse Groen said: “Order growth at Just Eat further accelerated, consequently widening the gap to competitors in our key markets. We have continued to generate strong adjusted EBITDA, while investing aggressively, and are well-positioned for autumn and winter, our traditional growth season.”

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