Britain's takeaway obsession just pushed JUST EAT's revenue up by 62%

Britons love a good takeaway meal. According to a study last year by VoucherCodes, we spend £30 billion ($US44.5 billion) annually on our junk food favourites.

So it won’t come as too much of a surprise that the online market place for restaurant delivery, JUST EAT, unveiled a 62% jump in revenue to £157 million in 2014.

With 8.1 million active users, orders across 45,7000 takeaway restaurants rocketed by 52% to 61.2 million.

Here are the other highlights for 2014:

  • Underlying Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA): Up 131% to £32.6 million (2013: £14.1 million).
  • Basic earnings per share: Up 553% to 9.8p (2013: 1.5p).
  • Active users: Up 37% to 8.1 million (2013: 5.9 million).
  • JUST EAT processed orders worth over £1 billion for the takeaway restaurants on their books.
  • UK orders placed via mobile devices now worth 61% of orders (2013: 43%).

“It’s been another excellent year for JUST EAT. Our results demonstrate how we are successfully building market-leading positions as more consumers discover the ease of use and wide choice of cuisines that our marketplaces for takeaway food offer,” said David Buttress, CEO of JUST EAT in a statement.

“I am delighted with the progress we have made both financially and operationally. I remain confident for the year ahead as we focus on our strategic objectives, investing to deliver long-term, sustainable returns for our shareholders.”

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