However, profits are not expected to rise, with the company spending the extra cash on re-investing in the business and encouraging more restaurants to sign up.
Batram suggested the model was strong, but warned: “Brands moving into delivery (i.e. PizzaExpress, Nando’s) whether directly or indirectly do present competition to Just Eat’s restaurant customers.”
Batram added: “Furthermore, we believe there will come a point when Just Eat needs to offer more to its restaurant customers to justify the fees.”
