Report
Clement Genelot

HELLOFRESH: Continued foray into ready-to-eat with acquisition of Youfoodz | BUY | EUR100(+21%)

HELLOFRESH - BUY | EUR100(+21%)
Continued foray into ready-to-eat with acquisition of Youfoodz

Acquisition of Australian ready-to-eat player Youfoodz
Reasonable valuation and limited cash-out
HelloFresh pursues its foray into the ready-to-eat segment
Consistent with its 2025 strategic plan, Buy reiterated
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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