Just Eat’s Irish arm pays €10m dividend to parent as profits jump

Just Eat’s Irish arm paid a €10 million dividend to its parent last year after profits and revenues jumped sharply during the pandemic.

The online takeaway delivery company recorded a 30 per cent rise in pretax profits to €14.3 million from €10.9 million a year earlier as turnover increased 40 per cent to €43.4 million from €30.8 million.

“The directors are satisfied with the results generated for the year with substantial increases in turnover and operating profits as a result of market share growth,” the company said in a note accompanying recently filed accounts.

Just Eat Ireland Limited employed an average of 35 people at the end of 2020, as against 44 in the prior year. Staff costs, including wages and salaries totalled €2.7 million, up from €2.5 million in 2019.

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In the Republic, Just Eat has more than 2,600 takeaway restaurants online and its app has been downloaded more than 2.5 million times since it launched locally in May 2008.

Parent JustEatTakeaway. com is Europe's largest food-delivery group with revenues of €2.6 billion for the first half of 2021, up 51 per cent on the prior year. The company, which has 98 million active consumers, acquired US-based GrubHub in a $7.3 billion deal last year.