Just Eat delivers solid quarter of growth

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Just Eat delivers solid quarter of growth

Digital delivery platform Just Eat Takeaway.com (LON:JET) saw its share price increase by 5.50% to 9,328p (as of 11:40 BST) as it reported accelerating orders during the third quarter. The company increased its marketing spend in established markets to secure market share and has added a number of major chains in recent months including McDonald’s and Greggs in the UK.

CEO Jitse Groen commented: “Order growth at Just Eat Takeaway.com further accelerated, consequently widening the gap to competitors in our key markets. We have continued to generate strong adjusted EBITDA, while investing aggressively, and are well-positioned for autumn and winter, our traditional growth season“.

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