Deliveroo Revenue Soars 80% in Ireland
Deliveroo has revealed that it grew rapidly in 2018. The company’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 £277 million for the year to 31st December 2017, a jump of 116% (2016: £128.5 million). Gross profit also increased to £64.3 million (2016: £1.1 million) and gross margin has gone from less than 1% to 23%, underlining the strength of the company and its potential.
The growth in gross profit can be attributed to growing maturity in existing markets, improved services and growing order volumes.
Deliveroo will continue to grow across Ireland, and will focus on the following priorities in the months ahead:
- Selection. Increasing the breadth of restaurant selection on the platform, so people can get amazing food whenever and wherever they want it, catering for every food occasion.
- Innovation. Rolling out more Virtual Brands for restaurants, extending restaurant selection, increasing restaurant sales, and improving choice for consumers.
- Service. Ensuring Deliveroo offers the best service to consumers, and offers riders the flexible, well-paid work they value.
Michael Healy, Deliveroo General Manager for Ireland, 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.”
