Report
Clement Genelot

HELLOFRESH: Buy today’s dip and the upcoming mid-term targets | BUY | EUR105(+24%)

HELLOFRESH - BUY | EUR105(+24%)
Buy today’s dip and the upcoming mid-term targets

2021 guidance seems to be confirmed
2022 guidance 17% below expectations in terms of EBITDA
How to explain such a miss in EBITDA for 2022?
Buy today’s dip and the upcoming mid-term targets
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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