HelloFresh: CMD prioritises fixing the basics over short-term growth

With a CMD focused on cost-cutting and reshuffling the meal-kit offer, we understand that 2025-26 will be about resetting the basics while growth may only be on the agenda in 2027. But the absence of any sales target for meal-kit or ready-to-eat disappointed, keeping the shares stuck around 5.5x EV

HelloFresh : Capital markets day: 2025 and 2026 will be transition years

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 03/21/2025

On the shelves now: Consumer Weekly #67

In this Consumer Weekly newsletter, we provide a brief overview of the key factors affecting our Consumer coverage, from Luxury & Consumer goods to Retail & E-commerce and Food & Ingredients. This week, we look at the largest beauty groups in the world. Happy reading!

Kempower: Updating our model following Q1 results

Last Friday, Kempower published Q1 2025 results, reporting revenues of EUR43.5m (+2% YoY vs. EUR42.6m in Q1 2024), though revenues declined sequentially due to continued soft demand due to elevated inventory levels across the DC charging industry. Gross margin remained stable at 49.5% (-0.3ppt YoY)

Valneva: France suspends Ixchiq for >65yo pending investigation

Valneva's Ixchiq has been suspended by France's HAS (national public health agency) for the use in persons aged >65 y.o pending further investigation, after three cases of SAEs (all in patients >80, with one death) have been reported in the French pharmacovigilence database — these cases have