Just Eat laps up delivery sales as lockdown hits restaurants
◆ Just Eat Takeaway benefited from the closure of restaurants and appetite for food delivery in lockdown as it reported a surge in orders and sales during the first half, writes Hannah Uttley.
The group, which owns Just Eat in the UK, processed 257m food orders in the first six months of the year, a 32pc jump on the same period a year ago.
Sales shot up 44pc to €1bn (£900m) as hungry consumers turned to takeaways amid the enforced closure of pubs and restaurants around the world. The company said it also added a record number of new restaurants to its database during the period as food outlets switched to offering takeaway and delivery services.
Losses widened to €158m from €27m in the first half of 2019 due to costs related to the £6.2bn merger of Just Eat and Takeaway, which was approved in April, and its proposed £5.8bn takeover of Chicago-based rival Grubhub.