HELLOFRESH: Q1 22 results above expectations and FY guidance reiterated | Conviction BUY | EUR100
HELLOFRESH - Conviction BUY | EUR100Q1 22 results above expectations and FY guidance reiterated
Q1 sales growth at c.FX decelerating to 26.4%, better than anticipated
Q1 EBITDA margin declining far less than anticipated at 5.2%
FY 2022 guidance reiterated
Key topics of upcoming conference call
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.
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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