JUST EAT plc Q3 2018 Results (9535F)
November 01 2018 - 2:00AM
UK Regulatory
TIDMJE.
RNS Number : 9535F
JUST EAT plc
01 November 2018
1 November 2018
Q3 2018 Update
Strong Q3 performance; on track to meet full year
expectations
Just Eat plc (LSE: JE.) ("Just Eat" or the "Group"), a leading
global marketplace for online food delivery, today updates the
market on its performance over the three and nine months to 30
September 2018 ("Q3" and "YTD" respectively).
2018 Q3 YTD
----------------------- -------- --------
Group Revenue (GBPm) 195.3 553.7
Revenue growth 41% 44%
Constant currency
basis 43% 45%
Q3 Highlights:
-- Revenue up 41% to GBP195.3 million driven by strong
marketplace order growth, accelerating growth of delivery orders
and the inclusion of Hungryhouse.
-- Group orders were up 27% to 54.7 million with more than 57%
of orders being made by app (Q3 2017: 50%).
-- UK orders increased by 16% to 30.3 million, driven by strong
trading in September, including our first ever weekend with over
one million orders, reducing the impact of exceptionally hot
weather in July and August.
-- SkipTheDishes, our market-leading Canadian food delivery
business, continued to grow triple digits with the launch of
multi-language capabilities. This latest update enabled full
coverage across Canada, with expansion into Quebec, and supported
the launch of new branded restaurant partners, including McDonald's
and Tim Hortons.
-- Our Australian business completed the Group's pioneering
integration of SkipTheDishes' world-class delivery platform with
Menulog's marketplace, creating a hybrid service which gives
customers the best of both worlds through access to more choice and
better service.
-- International order growth was strong, powered by new
restaurant partner sign-ups across tier 2, 3 and 4 cities.
Outlook
As we approach the end of the financial year, the Board now
anticipates full year revenues to be towards the top end of the
GBP740 to GBP770 million range and underlying EBITDA to be towards
the lower end of the GBP165 to GBP185 million range, primarily
reflecting investments in our dynamic LatAm markets in addition to
our delivery initiatives.
Peter Plumb, CEO of Just Eat Plc commented:
"The Group has delivered another strong quarter as we helped our
97,000+ restaurant partners serve over 54 million takeaways to
millions of hungry customers. Our increased investments in
delivery, brand and data are already taking the Just Eat brands to
more customers, making it easier for them to order from a widening
choice, ensuring their takeaway moments are even more
enjoyable.
Our delivery expansion plans are on track, ensuring we give
customers exactly what they want, and I'm very pleased with the
progress we are making against our strategic objectives."
--- END ---
Enquiries:
+44 (0)20 3667
Just Eat 6961
Peter Plumb, CEO
Paul Harrison, CFO
Rachael Malcolm, Investor Relations
Ralph Charlton, Corporate Communications
+44 (0)20 7404
Brunswick Group LLP 5959
Sarah West, David Litterick, Chris
Buscombe
Forward-looking statements
This announcement includes statements that are, or may be deemed
to be, "forward-looking statements". By their nature, such
statements involve risk and uncertainty since they relate to future
events and circumstances. Actual results may, and often do, differ
materially from any forward-looking statements. Any forward-looking
statements in this announcement reflect management's view with
respect to future events as at the date of this announcement. Save
as required by law or by the Listing Rules of the UK Listing
Authority, the Company undertakes no obligation to publicly revise
any forward-looking statements in this announcement following any
change in its expectations or to reflect subsequent events or
circumstances following the date of this announcement.
About Just Eat
Just Eat plc (LSE: JE) operates a leading global marketplace for
takeaway food delivery. Headquartered in London, we use proprietary
technology to offer a quick and efficient digital ordering service
for over 25 million customers and over 97,500 restaurant partners
across the UK, Australia & New Zealand, Canada, Denmark,
France, Ireland, Italy, Mexico, Norway, Spain, Switzerland and
Brazil. Just Eat is a member of the FTSE 100 Index.
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END
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