Report
Clement Genelot

HELLOFRESH | BUY TOP PICKS vs. BUY | EUR100 VS. EUR90 Who was afraid of the “normalization” post-reopening of restaurants?

HELLOFRESH | BUY TOP PICKS vs. BUY | EUR100 VS. EUR90
Who was afraid of the “normalization” post-reopening of restaurants?
Another stellar quarter with 105-107% sales growth in Q1
Significant 2021 guidance upgrade
Reassuring signal on the “new normal” post-restaurants reopening
Added to our Q2 Top Picks List with a TP lifted to EUR100
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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