Just Eat has released its full year results for the 12 months that ended on December 31, 2018, revealing that the company's revenue rose 43% last year while its earnings before interest, tax, depreciation and amortisation (EBITDA) increased 6%.
Outlook
Looking ahead, Just Eat's board expects to report full year 2019 revenue in the range of £1.0 billion to £1.1 billion as well as EBITDA in the range of £185 million to £205 million (both excluding Brazil and Mexico).
"Continued Strong Growth And Strategic Investments"
Just Eat's interim CEO Peter Duffy commented, "Just Eat’s continued strong growth and strategic investments saw more than four million new customers join us in 2018. We are creating a leading hybrid offering founded on our unrivalled marketplace, combined with the targeted roll-out of delivery. This gives our growing customer base access to the greatest choice of restaurants and drives even more orders to our restaurant partners, ultimately strengthening the network effects of our business. We have a clear plan for the year ahead as our highly experienced team works hard to accelerate the execution of our strategy, and we remain focussed on long-term returns for shareholders."
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
