Report
Clement Genelot

HELLOFRESH | BUY Top Picks | EUR90 VS. EUR69 An appetizing new growth and profitability profile

HELLOFRESH | BUY Top Picks | EUR90 VS. EUR69
An appetizing new growth and profitability profile
Becoming an “integrated food-solutions group” and paving the way to capitalise on its brand image
A EUR10bn sales target mostly relying on meal-kit market expansion
An ability to fuel growth without sacrificing on margins
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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