McDonald's and Greggs boost Just Eat Takeaway

Eat Out to Help Out scheme fails to dent demand for takeaway deliveries in the three months to the end of September

The addition of McDonald's and Greggs to Just Eat Takeaway drove a big rise in third quarter sales as more households opted to dine at home. 

The online food delivery platform reported a 46pc rise in total orders for the three months to Sep 30.

More than 46m orders were placed in the UK during the period - 43pc higher than the same period last year - bringing the total for 2020 to 123.2m. 

The boost came despite the Government's Eat Out to Help Out scheme in August, which Just Eat said failed to reduce demand for deliveries.

Chief executive Jitse Groen said: "Order growth at Just Eat further accelerated, consequently widening the gap to competitors in our key markets.

"We have continued to generate strong adjusted Ebitda (profits excluding one-off costs), while investing aggressively, and are well-positioned for autumn and winter, our traditional growth season."

The Dutch-based company reported saw strong growth in all of its regions during the quarter, including Germany, Canada and the Netherlands. Australia was the company's fastest-growing region, with orders more than doubling. 

The firm has gone on a buying spree in recent years to cement its position as the world's largest online takeaway platform.

Its acquisition of rival Grubhub was approved by shareholders last week and the transaction is expected to be completed in the first half of next year, subject to regulatory approval. 

Shares rose more than 5pc to £93.30 in morning trading.