Online takeaway service Just Eat raises full-year guidance

London-listed online takeaway service Just Eat, which operates in 15 countries including Ireland, has raised its full-year revenue guidance by £10 million (€14m) to £240 million (€336m) on the back of strong third quarter sales.

The company, which acts as a middleman between diners and restaurants, said poor summer weather had encouraged more people to order meals online.

Just East said orders made through its platform in the third quarter increased by 64 per cent from the same period a year earlier. Orders for the first nine months of the year rose by 57 per cent.

More than 74 per cent of UK orders undertaken in the three months to the end of September were made via mobile devices, with 41 per cent of these coming from the group’s dedicated apps.

The group, which did not provide a breakdown of figures for Ireland, said full-year earnings before interest, taxes, depreciation, and amortisation (ebitda) remains on track and in line with current expectations.

Just Eat, which started in Denmark but moved to London in 2006, raised £360 million when it floated last year.

“The strategy of ongoing investment in technology and marketing to drive order growth has delivered orders ahead of management expectations with an acceleration in order momentum over the period,” Just Eat said in a statement.

Just-Eat.ie launched in Ireland in May 2008 and is now the third biggest market for the group. The company had more than 750,000 active site users in Ireland last year, and processed more than 150,000 orders per month.

The group currently employs about 40 people locally and has more than 1,700 restaurants signed up in Ireland.

In 2014 it received over 2 million orders in Ireland showing a 58 per cent year-on-year growth.