Just Eat laps up de­liv­ery sales as lock­down hits restau­rants

The Daily Telegraph - Business - - Business -

◆ 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.

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