Report
Clement Genelot

HELLOFRESH: CMD menu looks appetizing | BUY Top Picks | EUR69(+38%)

HELLOFRESH - BUY Top Picks | EUR69(+38%)
CMD menu looks appetizing

2020 guidance upgraded for the 4th time
Engaging 2021 outlook to reassure about capacity to generate further sales growth
Buy Top Picks reiterated ahead of the CMD presentation
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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