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The Guardian - UK
The Guardian - UK
Business
Angela Monaghan

Just Eat like-for-like orders jump 47%

Just Eat shares have risen 3% to 469p.
Just Eat shares have risen 3% to 469p. Photograph: PR handout

The online takeaway service Just Eat has seen its investment in its apps and website pay off, reporting a jump in orders in the first three months of the year.

The London-based company, launched in the UK in 2006 and floated on the stock market last year, said like-for-like orders increased by 47% in the first quarter.

David Buttress, its chief executive, said the business was benefiting from “the continued shift of consumers to the ease and convenience of ordering food through Just Eat apps and websites”.

Total orders were up 51% con the same period last, including those from its joint venture with Alloresto.fr in France that began in July and its Mexican business, which Just Eat bought in February.

The FTSE 250 company, which shows customers a range of takeaway options in their area and allows them to order through its apps or websites, said future growth would be supported by investment.

Plans include expansion of its technology team in Bristol, increasing investment in Latin America and expanding its brand marketing campaigns in newer markets such as Spain.

Just Eat secured full ownership of its Swiss business in the first quarter and increased its stake in its Brazilian joint venture by 5% to 30%.

It has more than 8 million users, with 45,700 takeaway restaurants signed up to the service.

The company’s shares rose nearly 4% to 473.6p on Tuesday.

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