Just Eat says Q1 orders up 79% to 200m

Just Eat secures new partnerships with major brands in first quarter

Just Eat (LON:JET), the food takeaway service, confirmed today that it received 200m orders in Q1 of 2021, an increase of 79% compared to the same period the year before.

UK customers placed the highest number of orders at just under 64m.

The FTSE 100 company suggested in March in its full-year earnings report that it would see Q1 order growth of over 42%.

In European markets, where Just Eat competes with Uber, including in Germany, where orders rose by 77% to 39.2m, and the Netherlands, where orders were up by 53% to 15.3m.

Following Takeaway’s £6.2bn merger with Just Eat last year, the company has profited as a result of lockdown restrictions as people have remained confined to their homes.

Just Eat grew for the fourth quarter in a row having secured partnerships with a host of major brands including Leon, Starbucks and Costa.

Jitse Groen, chief executive of Just Eat Takeaway.com:

“The first quarter of 2021 marks our fourth consecutive quarter of order growth acceleration. Our fastest growing segment was the United Kingdom, and we are especially pleased with the roll-out of our UK Delivery network, which has reached an impressive 695% order growth rate year-on-year,” Groen said.

“We are also very proud of the acceleration in two of our highly profitable markets, with 77% order growth in Germany and 53% in the Netherlands. Just Eat Takeaway.com is in excellent shape and the start of 2021 has been very strong.”