JUST EAT, THE online takeaway service based in London, more than doubled its revenue in 2014 according to its annual results released today.
In Ireland, orders increased by 58% year on year to more than 2 million, with 320,000 smartphone app downloads here by the end of 2014, while some 750,000 active Irish users made use of the site last year.
1,600 restaurants and takeaways in Ireland are now registered with the service, out of almost 46,000 worldwide.
The company further cemented its market standing here with the purchase of rival site Eatcity.ie in November 2014.
The company acts as a sort of online middleman for anyone looking to order in any kind of takeaway food, the chief advantage of the service being the sheer amount of menus available online in one location.
From within the app or website orders can be tracked in real time and paid for in advance.
Globally, the company increased revenue by 62% to €190 million, up from €135 million in 2013.
61.2 million orders were made worldwide last year, an increase of 52% year on year, while earnings per share increased by 553% to €0.14 cent.
The group had 8.1 million active users worldwide, an increase of 37% for 2014, with a staggering €1.4 billion in takeaway orders processed.
Chief executive David Buttress described the results as signifying ‘another excellent year’.
“I’m delighted with the progress we have made both financially and operationally,” he said.
Our results show the market-leading position we are in as more customers discover the ease of use and wide choice of cuisines we can provide for takeaway food.
The company was established in 2001 in Copenhagen by five Danish entrepreneurs, although it is officially incorporated in London.
It is now operating in 13 countries worldwide, including France, Norway, the UK, Italy, and Brazil.
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