Just Eat non-exec directors step down

Just Eat has confirmed the departure of two of its non-executive directors.

In a statement the company said Benjamin Holmes and Michael Risman had stepped down as revealed at the publication of its results on Tuesday.

Just Eat’s takeaway ordering platform saw orders rise 57% during the year to 96.2m. Revenues increased 58% to £247.6m, from 2014's £157m. Underlying EBITDA was up 83% to £59.7m, and the group underlying EBITDA margin rose 330 basis points to 24.1%.

Adjusted earnings per share were up 57% to 6.6p, from 4.2p, while basic earnings per share were down 61% to 3.8p, from 9.8p in 2014.

Just Eat's net operating cash flow improved 95% to £74.2m during the year.

During the year, Just Eat said it processed orders worth £1.7bn for its restaurant partners, and active users were up 65% to 13.4m.

Group orders placed via mobile devices accounted for 66% of all orders, up from 53% in 2014. Just Eat reportedly achieved market leadership in Italy in 2015, and acquired market leading brands in Australia, New Zealand and Mexico.