HelloFresh: low growth and no EBITDA in Q1 menu
Ahead of Q1 results on 25th April, we have left our top line estimates broadly unchanged (with persistent concerns about the absence of improving trends in US customers) while cutting our EBITDA by 4-5% to reflect lengthier downscaling of vouchers strategy. Within HelloFresh's debate, we still beliHelloFresh 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.
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.
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