UK's Just Eat's UK business surpasses one billion mark

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UK's Just Eat's UK business surpasses one billion mark

The orders of Just Eat Takeaway.com rose by 25 per cent in the third quarter as its UK business broke a one billion mark.

Food delivery website processed 266 million orders in three months in the six months that ended September, while total transactions on the platform reached €6.8 billion, up 23 per cent from the same period a year earlier.

Britain delivered the sharpest growth in its markets, with orders up 51 per cent in the third quarter compared to same period in 2020. The company said that the one billion sales made in the UK since the foundation of Just Eat demonstrated exponential scale and longevity. Germany was the second fastest growing market.

Its performance was less impressive in the United States, where orders in the period rose only by 3 per cent compared with last year. The company said that an improvement programme was in process to focus on the strongholds of Grubhub, its American business.

Just Eat was launched in 2001 at Copenhagen, entered the British market on a 2006 BSE and was floated on the London Stock Exchange in 2014. Takeaway.com was founded in 2000 by Jitse Groen, a Dutchman.

The group, one of the headline sponsors of the delayed Euro 2020 football championship this summer, has its headquarters in Germany and the Netherlands and has operations in addition to Britain and the Netherlands, in France, Australia, France, Spain and Israel.

The business reiterated its guidance for full-year order growth excluding Grubhub of 45 per cent, while gross transaction value is expected to be between €28 billion and €30 billion.

Groen, 43, a Just Eat Takeaway executive, said: We have recovered from the pre-pandemic world with mostly returning to competitive life. So, in the third quarter of 2021 our growth has continued strong Just Eat Takeaway is better positioned for autumn and winter, our traditional growth season.