Report
Andreas Riemann ...
  • Martin Marandon-Carlhian

HelloFresh : A very appetising case

>Faster growth requires more capacity - HelloFresh reported strong results for Q2 2021. Excluding forex, revenue grew 66% y-o-y, underpinned by fast order growth across both of its regions (US and international) while average order value normalised. Adjusted EBITDA was up slightly y-o-y but the margin deteriorated 570bp to 10.1% due to increased marketing. HelloFresh also raised its top line guidance for FY 2021 but lowered its adjusted EBITDA margin target. Faster-t...
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
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Andreas Riemann

Martin Marandon-Carlhian

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch