Report
Clement Genelot

HELLOFRESH - BUY | EUR100(+69%) Towards a two-phased 2022 year on sales and margins

HELLOFRESH - BUY | EUR100(+69%)
Towards a two-phased 2022 year on sales and margins

Q4 to land in line with expectations
Towards a two-phased 2022 year
Potential for good surprise: price increases are finally materializing
Buy reiterated despite sluggish momentum in H1 2022
Underlying
HelloFresh SE

HelloFresh is engaged in the delivery of meal kits to customers in the U.S., the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada. Co. provides portioned food and recipes, which its subscribers receive in weekly boxes. Co. provides both omnivore and vegetarian options, with fresh ingredients and chef-inspired recipes.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Clement Genelot

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