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Deliveroo revenue soars 80% in Ireland

Written by , on 4th Sep 2019. Posted in General

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Deliveroo’s revenue rose by over 80% to €9,238,131 in 2018 from €5,115,712 in 2017 (all figures December 2017 - December 2018). The company also saw its gross profit increase by almost 20%, to €1,246,275 in 2018 compared to €1,066,139 in 2017. 

This comes as Deliveroo has grown across Ireland working with over 1,200 restaurants and more than 1,000 riders across Dublin, Cork, Limerick and Galway. 

Globally, Deliveroo has also been growing. The company now works with 80,000 restaurants and 60,000 riders across 13 markets. In the company’s 2017 global Group accounts - the latest released - worldwide sales grew to £277m for the year to 31st December 2017, a jump of 116% (2016: £128.5m).

Gross profit also increased to £64.3m (2016: £1.1m) and gross margin has gone from less than 1% to 23%. 

Deliveroo say the growth in gross profit can be attributed to growing maturity in existing markets, improved services and growing order volumes.

Speaking this week, Deliveroo General Manager for Ireland, Michael Healy said, "Deliveroo is going from strength to strength in Ireland, serving more and more people the food the want when and where they want it, offering more riders the work they value, and helping more restaurants to grow their businesses. Ireland is a vital market for the company so we will continue to invest, innovate and improve our offering for consumers."

Source: www.businessworld.ie

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