HELLOFRESH: Third sales guidance upgrade of the year in a row | BUY | EUR100(+32%)
HELLOFRESH - BUY | EUR100(+32%)Third sales guidance upgrade of the year in a row
Q3 sales growth of 46%, topping expectations
Q3 EBITDA margin of 5.6%, missing expectations
FY 2021 sales guidance upgraded
Buy reiterated ahead of 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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