£90m Just Eat profit boom shows restaurant sector is in ‘rude health’

Just East website

The UK takeaway market has hit a value of £6.1 billion and will continue to rise thanks to the “rude health” of the restaurant industry.

That’s according to the CEO of takeaway ordering firm Just Eat, which has just reported a £91 million profit surge.

David Buttress told investors he believes the UK takeaway market is experiencing a “rising tide” and believes restaurant chains are making strong profits from ordering platforms like Just Eat.

Just Eat, a company which partners with foodservice operators to allow consumers to order through its online platform, reported improved sales of £358m as it took on new restaurant chains last year, bringing its number of partners to 27,600.

The company saw a 42% rise in orders on last year but it warned that order growth would slow given the scale of the UK business.

Just Eat’s report also revealed that more than 50% of orders were processed through its Orderpad technology, a tablet-based order platform, which it is rolling out across its partners.

The technology allows restaurateurs to monitor delivery times, send delivery notifications to consumers, view customer feedback and see how they stack up against rivals.

Speaking in relation to growth, Buttress insisted it would be organic and any expansion would be focused on current markets rather than entering new territories.

Just Eat’s latest report follows its announcement last year that it would acquire main rival Hungryhouse for more than £200m.

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