Everything that’s important is growing insanely fast at Just Eat

Revenues at Just Eat, the digital marketplace for takeaway food, rose 54% in the six months to the end of June to £107.8m. It reported a profit before tax of £14 million versus £8.6 million for the same period previous year. The group said orders rose 52 percent to 41.9 million from 27.5 million with like-for-like orders up 47 percent.

Basic earnings per share rose 42% to 1.7p. Orders carried out via mobile devices accounted for over 60 per cent of all transactions.

Just Eat has been the most popular takeaway app in Ireland — the UK-based company has also established itself as a market leader in a number of other European regions.

However, analysts at Goldman Sachs Group wrote in a note Tuesday that “we continue to believe Just Eat will benefit as online penetration of takeaway food increases”. The group now employs about 40 people locally and has more than 1,700 restaurants signed up in Ireland.

Just Eat chief executive David Buttress said the company had “seen the success of [its] ongoing strategy to reinvest profits above target to drive additional growth”.

As a result of all this growth, Just Eat upgraded revenue forecasts for the year to £230 million, against City expectations of £220 million.

It added that as a result of additional orders delivered by extra investment, it now expects revenue for the full year to be around GBP230 million, with revenue “over-performance” anticipated to continue into 2016.