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Just Eat raises 2017 revenue guidance after strong quarter

Just Eat forecast revenue for the full 2017 year of £515-530 million, up from previous guidance of £500-515 million
Just Eat forecast revenue for the full 2017 year of £515-530 million, up from previous guidance of £500-515 million

British takeaway ordering website Just Eat has raised its full-year revenue guidance for the second time in four months after reporting a 47% increase in its latest quarter on the back of strong order growth.

Founded in 2001, Just Eat has grown rapidly, listing its shares in London in 2014.

It said revenue for the three months to 30 September was £138.6 million (€157 million), up from £94.5 million in the same period last year.

Total orders rose 29% to 43.1 million, with the UK up 22% and international up 43%.

"It is great to see the UK business in good health and positive momentum across our international markets," said Chief Executive Peter Plumb, the former boss of Moneysupermarket.com, who took the top job last month.

Just Eat forecast revenue for the full 2017 year of £515-530 million, up from previous guidance of £500-515 million.

The group retained its forecast for core earnings - underlying earnings before interest, tax, depreciation and amortisation - of £157-163 million. It made £115.3 million in 2016.

Shares in Just Eat, up 38% over the last year, closed yesterday at 740 pence, valuing the business at £5 billion.