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Just Eat turnover surges 50% to €65m

Takeaways
/ 23rd October 2022 /
Robert O’Brien

Turnover at Just Eat’s operation in Ireland advanced by 50% to €65m in 2021, though the profit margin contracted from the previous year.

Gross profit was €44m for a gross profit margin on 68%, according to filed accounts.

Administrative expenses, which are not broken out in the accounts filing, rose to €27.9m from €20.4m the prior year.

Headcount increased from 35 to 101 people through 2021, with the payroll overhead rising from €2.7m to €7.5m

Operating profit in 2021 was €16.5m, up from €14.3m.  Operating profit margin was 25% compared with 33% in the prior years.

Business Bulletin

The net profit at Just Eat Ireland Ltd was €14m, and dividends of €10m were paid to the plc parent.

Year-end trade creditors – who include Just Eat’s restaurant partners – totalled €5.1m in December 2021, up from €3.7m a year earlier.

Just Eat, led in Ireland by chief executive Amanda Roche-Kelly, recently announced that is making seaweed-coated takeaway boxes available for restaurants to purchase if they wish to replace plastic-lined containers typically used in the industry.

Roche Kelly and fellow director Jerome Gavin shared €316,000 in remuneration and €29,000 in pension payments in 2021.

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