Report
Andreas Riemann ...
  • Martin Marandon-Carlhian

HelloFresh : CMD – 2022 a year of investment, profit recovery as of 2023

>Profit outlook for FY 2022 below consensus on increased investments - After providing a weaker-than-expected profit outlook for FY 2022, management gave more colour on the expected development next year. HelloFresh sees some 20-26% revenue growth excluding forex for 2022. This should be achieved via a growing number of active customers and some 4-7% expansion of the AOV, while order frequency should remain flat at 4x per quarter. In terms of regions, the US should ou...
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

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