Online group Just Eat takes away major rise in revenue
Online takeaway group Just Eat has delivered a bumper rise in revenues and earnings in its first set of annual results since its stock market debut last year.
Revenues climbed 62% to £157m in 2014 as the group processed orders worth more than £1bn, while underlying earnings more than doubled from £14.1m.
The group joined the stock market last April in the biggest UK technology flotation for eight years. Shares rose 2% on yesterday's results as the company raised sales expectations for 2015 to more than £200m.
Just Eat is now valued at more than £2bn, up from just under £1.5bn at the time of its market debut.
Pre-tax profits rose from £10.2m to £57.4m, reflecting both higher earnings as well as gains on the disposal of French and Brazilian operations. Chief executive David Buttress said it had been "another excellent year".